1001 E Main St - Drug Store FOR SALE


Dayton, OH 45426- Northwest
$2,065,000 USD
702-215-7153
1001 E Main St, Dayton, OH for Sale
$2,065,000 USD
Drug Store - FOR SALE
1/7
null | 6.75% Cap Rate

1001 E Main St
Dayton, OH 45426
Northwest


HIGHLIGHTS

  • Long term lease with approximately 12 years remaining on the primary term.
  • New roof installed in 2020 with transferrable warranty.
  • Massive amount of development planned and under construction in the immediate vicinity of the Subject property.
  • Nearly one million square feet of new industrial facilities and 200 apartment units currently under development within a half mile of the subject.
  • Proven location for CVS, based on previously reported sales figures.

OVERVIEW

Investment Highlights This net-leased CVS Pharmacy is strategically positioned at the heart of a major commercial and residential redevelopment initiative in Trotwood, Ohio, part of the Dayton MSA. The property comprises a 10,722-square-foot building with approximately 12 years remaining on the original lease term. CVS demonstrated its long-term commitment to this location by executing an early lease renewal in October 2011, converting the remaining 4-year term into a 25-year absolute NNN lease. The lease includes five (5) additional five-year renewal options, providing investors with stable, long-term cash flow. CVS has operated at this location since 1996, and the early renewal—supported by strong historical sales performance—reinforces the site's operational success. The lease now runs through 2037, offering a secure and predictable income stream. Notably, the current ownership completed a new roof installation in 2020, which comes with a transferable warranty, minimizing near-term capital expenditures. Location Overview The property is situated at the signalized intersection of Main Street and Olive Road, ensuring excellent visibility and accessibility with dual curb cuts for convenient ingress and egress. The surrounding area is undergoing a significant transformation, with several major industrial and multifamily developments currently under construction. These projects are expected to generate hundreds of new jobs and drive substantial population growth, directly benefiting retail traffic at this CVS location. Nearby national retailers—Target, Home Depot, Lowe’s, Burlington, and others—contribute to a strong regional retail corridor, reinforcing the site's strategic positioning and long-term value.

FOR SALE DETAILS

PRICE

$2,065,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,183 SF

ZONING

Commercial

APN/PARCEL ID

H33-00808-0001

ASK ABOUT THIS PROPERTY

Ray GermainMarcus & MillichapMore Info
702-215-7153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ray GermainMarcus & MillichapMore Info
702-215-7153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.