Grocery Store

Kroger

1555 Wayne Ave, Dayton, OH 45410

Listing Price: $1,800,000

Cap Rate
6.75%
Tenant Name
Kroger
Years Remaining On Lease
0.80
Gross SF
22,973
Guarantor
Corporate Guarantee
Rentable SF
22,973
Price/Gross SF
$78.35
Lease Type
Double Net
Rent Per Square Feet
$6.07

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a 22,973 square foot single tenant Kroger located in Dayton,(Montgomery County) Ohio. Located on two acres, Kroger has over a year remaining on their NN lease. Kroger has three one year options with a stable market value rent of $139,438. The property has been established and operating as a grocer for over 60 years and the lease is corporately guaranteed. In addition, the roof of this property has recently been renovated. Moody's has given Kroger a credit rating of B2 with a stable future outlook.

Dayton is a city in western Ohio. It is home to the National Museum of the U.S. Air Force, with a vast collection of aircraft from early 1900s planes to a space shuttle exhibit. Carillon Historical Park contains a Wright Brothers plane, 19th century buildings and antique trains. The Boonshoft Museum of Discovery has kids science exhibits and a small zoo. International fine art is on view at the Dayton Art Institute. The Dayton Metropolitan Statistical Area ranks fourth in Ohio's Gross Domestic Product with a 2008 industry total of $33.78 billion. Additionally, Dayton ranks third among 11 major metropolitan areas in Ohio for exports to foreign countries.

Within a five mile radius of Dayton, the average household income is $56,030 among the 220,189 individuals who resides within a five mile radius of the subject property.

The asking price of $1,800,000 represents a 6.75% cap rate.

Investment Highlights

  • In Close Proximity to The University of Dayton
  • Yearly Sales Averages of About $14,000,000 ($600 Per Square Foot)
  • Roof is 11 Years Old; Resurfacing Done November 2019
  • Property Has Been Operating As a Kroger Since 1959
  • Settled on Two Acre Lot
  • Tenant Has Options

Exclusively Listed By

Financing By

Listing Price: $1,800,000

Cap Rate
6.75%
Tenant Name
Kroger
Years Remaining On Lease
0.80
Gross SF
22,973
Guarantor
Corporate Guarantee
Rentable SF
22,973
Price/Gross SF
$78.35
Lease Type
Double Net
Rent Per Square Feet
$6.07

Investment Highlights

  • In Close Proximity to The University of Dayton
  • Yearly Sales Averages of About $14,000,000 ($600 Per Square Foot)
  • Roof is 11 Years Old; Resurfacing Done November 2019
  • Property Has Been Operating As a Kroger Since 1959
  • Settled on Two Acre Lot
  • Tenant Has Options

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a 22,973 square foot single tenant Kroger located in Dayton,(Montgomery County) Ohio. Located on two acres, Kroger has over a year remaining on their NN lease. Kroger has three one year options with a stable market value rent of $139,438. The property has been established and operating as a grocer for over 60 years and the lease is corporately guaranteed. In addition, the roof of this property has recently been renovated. Moody's has given Kroger a credit rating of B2 with a stable future outlook.

Dayton is a city in western Ohio. It is home to the National Museum of the U.S. Air Force, with a vast collection of aircraft from early 1900s planes to a space shuttle exhibit. Carillon Historical Park contains a Wright Brothers plane, 19th century buildings and antique trains. The Boonshoft Museum of Discovery has kids science exhibits and a small zoo. International fine art is on view at the Dayton Art Institute. The Dayton Metropolitan Statistical Area ranks fourth in Ohio's Gross Domestic Product with a 2008 industry total of $33.78 billion. Additionally, Dayton ranks third among 11 major metropolitan areas in Ohio for exports to foreign countries.

Within a five mile radius of Dayton, the average household income is $56,030 among the 220,189 individuals who resides within a five mile radius of the subject property.

The asking price of $1,800,000 represents a 6.75% cap rate.

Exclusively Listed By

Financing By

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