For Sale
$9,018,568

7189 Alliance Rd Waynesburg, OH 44644

High-Yield Auto Dealership Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 28,000-square-foot Daystar Chrysler Dodge Jeep Ram dealership in Malvern, Ohio. Located on 5.71 acres at 7189 Alliance Rd NW, this single-story building boasts a prime location just 30 miles southeast of Akron and easily accessible from OH-43. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a highly creditworthy franchisee tenant, eliminating all landlord responsibilities. The lease includes attractive 3% annual rent escalations, providing a built-in hedge against inflation. With a strong NOI of $653,846 and a 7.25% cap rate, this offering presents a compelling return on investment. The lease structure includes four, 5-year renewal options, ensuring long-term stability and predictable cash flow. Built in 2024, this property represents a secure, passive income stream with minimal management requirements. The asking price is $9,018,568, translating to $322.09 per square foot. This sale-leaseback transaction offers a unique opportunity to acquire a high-performing asset with a long-term, secure lease in place. The tenant, Daystar Auto Group, operates additional dealerships in Northeast Ohio, demonstrating their financial strength and commitment to the market. This is a rare opportunity to acquire a high-quality, net-leased property with significant upside potential.

Highlights

  • $9,018,568 asking price for a 28,000 square foot auto shop.
  • Absolute NNN net lease with a 20-year term.
  • 7.25% cap rate with a $653,846 NOI.
  • Daystar Chrysler Dodge Jeep Ram franchisee tenant with 100% occupancy.
  • 3% annual rent increases.
  • Located on 5.71 acres at 7189 Alliance Rd NW, Malvern, OH 44644, 30 miles southeast of Akron.

Property Details for 7189 Alliance Rd

Property type
Retail properties, Auto shops
Square Feet
28,000 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
248,728 SF
Units
1

Location Insight

City
Waynesburg
County
Carroll
State
Ohio
Latitude
40.6824908
Longitude
-81.2334415

FAQs

What type of property is this?
Retail property - High-Yield Auto Dealership Investment
Where is the retail property located?
The property is located at 7189 Alliance Rd Waynesburg, OH.
What is the asking price?
The asking price for this property is $9,018,568.
What are key features of this property?
This property features: $9,018,568 asking price for a 28,000 square foot auto shop.; Absolute NNN net lease with a 20-year term.; 7.25% cap rate with a $653,846 NOI.
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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7189 Alliance Rd
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