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Grocery Store

Kroger Marketplace Ground Lease

1161 E Dayton Yellow Springs Rd, Fairborn, OH 45324

Listing Price: $6,250,000

Cap Rate
4.00%
Tenant Name
Kroger
Years Remaining On Lease
15.1
Gross SF
134,976
Guarantor
Corporate Guarantee
Rentable SF
134,976
Price/Gross SF
$46.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$1.85

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).

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

Exclusively Listed By

Financing By

Grocery Store

Kroger Marketplace Ground Lease

Listing Price: $6,250,000

Cap Rate
4.00%
Tenant Name
Kroger
Years Remaining On Lease
15.1
Gross SF
134,976
Guarantor
Corporate Guarantee
Rentable SF
134,976
Price/Gross SF
$46.30
Lease Type
NNN Ground Lease
Rent Per Square Feet
$1.85

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).

Exclusively Listed By

Financing By

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