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Shopping Strip

Huber Heights Commons

7550 Old Troy Pike, Dayton, OH 45424

Listing Price: $6,260,000

Cap Rate
7.10%
Gross SF
11,236
Rentable SF
11,236
Price/Gross SF
$557.14
Lot Size
4.07 acres
Year Built
2023

Investment Overview

Newly Constructed Essential Retail Strip with Endcap Drive-Thru. Brand-New, Class “A” Construction | Small (1,873 SF Avg) Easy-To-Lease Bay Sizes. 25,050 Cars/Day on Route 202 Frontage | 0.25 Mile to I-70 Exit Ramps (80,589 Cars/Day). Across from Highly-Trafficked Kroger (Top 15% Nationally, Top 30% Statewide – Placer.ai).

Investment Highlights

  • Newly Constructed Essential Retail Strip with Endcap Drive-Thru
  • 2.41% NOI CAGR over 10-Year Hold / 2.39% 5-Yr NOI CAGR
  • 25,050 Cars/Day on Route 202 Frontage | 0.25 Mile to I-70 Exit Ramps (80,589 Cars/Day)
  • 10.7 Year WALT | 35% of GLA on 15-Year Leases, 52% on 10-Year Leases, 13% on 7-Year Lease
  • Majority (69%) of Mgmt Fee Expense Reimbursed | 7.45% CAP if Self-Managed
  • Neighbored by Top-Performing QSR's (McDonalds, Raising Cane's, Chipotle, Starbucks All Top 5% - 30% Nationally)
  • Clean NNN Leases: 116.5% Recapture Rate of Tax/Ins/CAM Expenses over 10-Yr Model
  • 60% of Revenue Derived from Chain Retail Brands

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Scott Wiles

    Senior Managing Director Investments

    (216) 264-2026

    Email Scott

    License(s): OH: SAL.2005013197

    Cleveland

  • Erin E. Patton

    Senior Managing Director Investments

    (614) 360-9035

    Email Erin

    License(s): OH: SAL.2004010274

    Columbus

  • Craig Fuller

    Senior Managing Director Investments

    (216) 264-2043

    Email Craig

    License(s): OH: SAL.2008001551

    Cleveland

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Shopping Strip

Huber Heights Commons

Listing Price: $6,260,000

Cap Rate
7.10%
Gross SF
11,236
Rentable SF
11,236
Price/Gross SF
$557.14
Lot Size
4.07 acres
Year Built
2023

Investment Highlights

  • Newly Constructed Essential Retail Strip with Endcap Drive-Thru
  • 2.41% NOI CAGR over 10-Year Hold / 2.39% 5-Yr NOI CAGR
  • 25,050 Cars/Day on Route 202 Frontage | 0.25 Mile to I-70 Exit Ramps (80,589 Cars/Day)
  • 10.7 Year WALT | 35% of GLA on 15-Year Leases, 52% on 10-Year Leases, 13% on 7-Year Lease
  • Majority (69%) of Mgmt Fee Expense Reimbursed | 7.45% CAP if Self-Managed
  • Neighbored by Top-Performing QSR's (McDonalds, Raising Cane's, Chipotle, Starbucks All Top 5% - 30% Nationally)
  • Clean NNN Leases: 116.5% Recapture Rate of Tax/Ins/CAM Expenses over 10-Yr Model
  • 60% of Revenue Derived from Chain Retail Brands

Investment Overview

Newly Constructed Essential Retail Strip with Endcap Drive-Thru. Brand-New, Class “A” Construction | Small (1,873 SF Avg) Easy-To-Lease Bay Sizes. 25,050 Cars/Day on Route 202 Frontage | 0.25 Mile to I-70 Exit Ramps (80,589 Cars/Day). Across from Highly-Trafficked Kroger (Top 15% Nationally, Top 30% Statewide – Placer.ai).

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Scott Wiles

    Senior Managing Director Investments

    (216) 264-2026

    Email Scott

    License(s): OH: SAL.2005013197

    Cleveland

  • Erin E. Patton

    Senior Managing Director Investments

    (614) 360-9035

    Email Erin

    License(s): OH: SAL.2004010274

    Columbus

  • Craig Fuller

    Senior Managing Director Investments

    (216) 264-2043

    Email Craig

    License(s): OH: SAL.2008001551

    Cleveland

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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