3137-3145 Salem Ave - Storefront FOR SALE
Dayton, OH 45406 |
3137-3145 Salem Ave
Dayton, OH 45406
HIGHLIGHTS
- Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
- Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
- Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease
- Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion
- Limited Direct Competition: The nearest competing dispensary is located approximately four miles away
- Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Off the Charts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
7600
STORIES
2
YEAR BUILT
1945
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
R72-16307-0012
