6020 Old Troy Pike - Restaurant FOR SALE


Dayton, OH 45424- Outer Northeast
$490,662 USD
312-269-0220
6020 Old Troy Pike, Dayton, OH for Sale
$490,662 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

6020 Old Troy Pike
Dayton, OH 45424
Outer Northeast


OVERVIEW

?Stabilized Investment Opportunity - Leased to Royal Bourbon Chicken on an Absolute Net-Lease featuring zero landlord responsibilities with over 2.5 years remaining on the initial term and (2) 5-year renewal options in place with annual rental increases ?Low Basis Asset - Provides an investor with the opportunity to acquire the asset on a low basis, benefiting from below-market in-place rents and long-term redevelopment potential upon lease expiration ?Ideal Demographics - The asset is located within a dense area with over 108,892 residents and an average household income of $84,200 within a 5-mile radius of the site ?Easily Accessible Site - The property features two points of ingress/egress from Fishburg Road and Old Troy Pike, providing excellent accessibility and visibility along roadways with a combined traffic count exceeding 27,568 VPD ?Neighboring Retail Tenants - Surrounded by tenants such as; Walgreens, Tropical Smoothie Cafe, Wingstop, Casey's, Dollar General, T-Mobile, Midas, and more

FOR SALE DETAILS

PRICE

$490,662 USD

PRICE/SF

$183 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

CROSS STREETS

Fishburg Road

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

B-1

APN/PARCEL ID

P70-01517-0060

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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