Grocery Store
Kroger Marketplace Ground Lease
1161 E Dayton Yellow Springs Rd, Fairborn, OH 45324
Listing Price: $6,250,000
Investment Overview
Kroger Marketplace absolute triple-net (NNN) ground lease with 15+ years remaining in Fairborn, Ohio (Dayton MSA). Upscale “marketplace” concept with fuel station – larger format with enhanced product offerings; one of the first “marketplace” locations Kroger rolled out. High-image, 2017-built all-masonry structure on large 11.8-acre parcel. Shadowed by 248,000 square-foot Menard’s and recently redeveloped former Kroger box with Planet Fitness, Goodwill, Feeders Supply, and Napa. Located along E Dayton Yellow Springs Road with 16,225 vehicles per day; just off the I-675 exit ramps (I-675 sees 44,011 vehicles per day).
Kroger Marketplace Ground Lease
Investment Highlights
- Kroger Marketplace Absolute Triple-Net (NNN) Ground Lease with 15+ Years Remaining in Fairborn, Ohio (Dayton MSA)
- Upscale "Marketplace" Concept with Fuel Station – Larger Format with Enhanced Product Offerings; One of the First "Marketplace" Locations Kroger Rolled Out
- Long History of Success at Location – Subject Property is a Relocation from 66,000 Square-Foot Kroger Store Next Door
- Low Rent Factor - $250,000/Year; Equivalent to $1.85 per Square-Foot on the 134,976 Square-Foot Building GLA
- Absolute Triple-Net (NNN) Ground Lease – Zero Landlord Responsibilities
- Kroger is the Top Grocer by Market Share in the Dayton MSA with 21 Locations; Headquartered in Cincinnati Just 50-Minutes from Subject Property
- Corporate Guaranty from The Kroger Co. (NYSE: KR); $40 Billion Market Cap & S&P "BBB" Investment-Grade Credit
- Original 20-Year Ground Lease with Twelve, Five-Year Renewal Options
Listing Price: $6,250,000
Investment Highlights
- Kroger Marketplace Absolute Triple-Net (NNN) Ground Lease with 15+ Years Remaining in Fairborn, Ohio (Dayton MSA)
- Upscale "Marketplace" Concept with Fuel Station – Larger Format with Enhanced Product Offerings; One of the First "Marketplace" Locations Kroger Rolled Out
- Long History of Success at Location – Subject Property is a Relocation from 66,000 Square-Foot Kroger Store Next Door
- Low Rent Factor - $250,000/Year; Equivalent to $1.85 per Square-Foot on the 134,976 Square-Foot Building GLA
- Absolute Triple-Net (NNN) Ground Lease – Zero Landlord Responsibilities
- Kroger is the Top Grocer by Market Share in the Dayton MSA with 21 Locations; Headquartered in Cincinnati Just 50-Minutes from Subject Property
- Corporate Guaranty from The Kroger Co. (NYSE: KR); $40 Billion Market Cap & S&P "BBB" Investment-Grade Credit
- Original 20-Year Ground Lease with Twelve, Five-Year Renewal Options
Investment Overview
Kroger Marketplace absolute triple-net (NNN) ground lease with 15+ years remaining in Fairborn, Ohio (Dayton MSA). Upscale “marketplace” concept with fuel station – larger format with enhanced product offerings; one of the first “marketplace” locations Kroger rolled out. High-image, 2017-built all-masonry structure on large 11.8-acre parcel. Shadowed by 248,000 square-foot Menard’s and recently redeveloped former Kroger box with Planet Fitness, Goodwill, Feeders Supply, and Napa. Located along E Dayton Yellow Springs Road with 16,225 vehicles per day; just off the I-675 exit ramps (I-675 sees 44,011 vehicles per day).
