For Sale
$1,800,000

8911 Kingsridge Dr Dayton, OH 45458

High-traffic, Net Lease Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 4,800 square foot, single-story adult cabaret located in Dayton, Ohio. Completely remodeled in 2021, including a new roof and HVAC system, the property sits on a one-acre lot directly across from the Dayton Mall and near a Super Walmart, ensuring high visibility and traffic. The building has been a successfully operating adult cabaret for two decades, holding a valid permit for its current use. This sale includes a new 10-year triple-net (NNN) lease, personally guaranteed by a multi-unit operator, with two five-year renewal options. The asking price is $1,800,000, representing an 8% cap rate based on the first-year net operating income (NOI) of $144,000 ($12,000 per month). The tenant is responsible for all maintenance, repairs, taxes, and insurance, minimizing owner responsibilities. The property's prime location, recent renovations, long-term lease, and strong NOI make this a compelling investment prospect in a high-traffic commercial area. The permitted commercial zoning ensures continued operational flexibility. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential.

Highlights

  • 4,800 sq. ft. single-story building, completely remodeled in 2021 (new roof & HVAC), situated on a one-acre lot across from Dayton Mall.
  • High-traffic location near a Super Walmart.
  • Established adult cabaret business with existing permits.
  • $1,800,000 sale price includes a new 10-year NNN lease (2 five-year options), personally guaranteed.
  • 8% cap rate based on $144,000 annual net income ($12,000/month); tenant responsible for all operating expenses (CAM, taxes, insurance).

Property Details for 8911 Kingsridge Dr

Property type
Hospitality properties
Square Feet
4,800 SF
Year Built/Renovated
2002/1
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.6304637
Longitude
-84.2200919

FAQs

What type of property is this?
Hospitality property - High-traffic, Net Lease Opportunity
Where is the hospitality property located?
The property is located at 8911 Kingsridge Dr Dayton, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,800 sq. ft. single-story building, completely remodeled in 2021 (new roof & HVAC), situated on a one-acre lot across from Dayton Mall.; High-traffic location near a Super Walmart.; Established adult cabaret business with existing permits.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8911 Kingsridge Dr
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