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Restaurant

Commercial Land - QSR GL Expiring

Valle Greene West Circle, Fairborn, OH 45324

Listing Price: $1,295,000

Cap Rate
4.44%
Tenant Name
Sonic
Years Remaining On Lease
3.0
Gross SF
32,953
Guarantor
Franchisee Guarantee
Rentable SF
32,953
Price/Gross SF
$39.30
Lease Type
Ground Lease
Rent Per Square Feet
$1.74

Investment Overview

The subject property is located adjoining the I-675 and Yellow Springs Road interchange in Fairborn, OH. The parcel is a five-acre tract currently divided into two lots. Lot 1 is .75 acres which includes annual rent from a Sonic franchisee of $57,475, triple net, expiring June 30, 2024. The Ground Lessee never developed the parcel since commencing the lease in July 1, 2009. Lot 2 totals 2.52 acres. Including the cul de sac drive that was installed by the land owner, the total parcel size is 5.1 acres. The property is zoned PD-2 and has over 600 feet of frontage along Dayton Yellow Springs Road. Wright-Patterson Air Force Base is three miles west while Fairborn High School campus is directly across from the subject property. Within one mile of the subject property and east of I-675 are Kroger, Menards (open 2021), Verizon, Tim Hortons, Wendys, Skyline Chili, Circle K, Burger King and Grismer Tire.

Fairborn is part of the Dayton metropolitan statistical area and located in Greene County. Dayton is the sixth largest city in Ohio and is located at the crossroads of Interstate 70 and 75, making it one of the most accessible cites in the nation. Wright-Patterson Air Force is the largest employer with over 27,500 jobs, followed by Premier Health, Kettering Health, Montgomery County, Miami University, Honda of America-Ann and University of Dayton. The City of Dayton's population is 140,000 while the population of the MSA is nearly 800,000.

Investment Highlights

  • Five Acre Parcel With 600 Front Feet
  • Abuts I-675 Highway Interchange Ramp
  • One Half Mile from Kroger & Menards
  • Zoned PD-2
  • Near Wright Patterson Air Force Base
  • Across from Fairborn High School Campus

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Commercial Land - QSR GL Expiring

Listing Price: $1,295,000

Cap Rate
4.44%
Tenant Name
Sonic
Years Remaining On Lease
3.0
Gross SF
32,953
Guarantor
Franchisee Guarantee
Rentable SF
32,953
Price/Gross SF
$39.30
Lease Type
Ground Lease
Rent Per Square Feet
$1.74

Investment Highlights

  • Five Acre Parcel With 600 Front Feet
  • Abuts I-675 Highway Interchange Ramp
  • One Half Mile from Kroger & Menards
  • Zoned PD-2
  • Near Wright Patterson Air Force Base
  • Across from Fairborn High School Campus

Investment Overview

The subject property is located adjoining the I-675 and Yellow Springs Road interchange in Fairborn, OH. The parcel is a five-acre tract currently divided into two lots. Lot 1 is .75 acres which includes annual rent from a Sonic franchisee of $57,475, triple net, expiring June 30, 2024. The Ground Lessee never developed the parcel since commencing the lease in July 1, 2009. Lot 2 totals 2.52 acres. Including the cul de sac drive that was installed by the land owner, the total parcel size is 5.1 acres. The property is zoned PD-2 and has over 600 feet of frontage along Dayton Yellow Springs Road. Wright-Patterson Air Force Base is three miles west while Fairborn High School campus is directly across from the subject property. Within one mile of the subject property and east of I-675 are Kroger, Menards (open 2021), Verizon, Tim Hortons, Wendys, Skyline Chili, Circle K, Burger King and Grismer Tire.

Fairborn is part of the Dayton metropolitan statistical area and located in Greene County. Dayton is the sixth largest city in Ohio and is located at the crossroads of Interstate 70 and 75, making it one of the most accessible cites in the nation. Wright-Patterson Air Force is the largest employer with over 27,500 jobs, followed by Premier Health, Kettering Health, Montgomery County, Miami University, Honda of America-Ann and University of Dayton. The City of Dayton's population is 140,000 while the population of the MSA is nearly 800,000.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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