For Sale
$857,000

3245 Dayton Xenia RdBeavercreek, OH 45434

US Bank, Ground Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 3,079 square foot US Bank branch located at 3245 Dayton Xenia Rd, Beavercreek, OH 45434. The property sits on a ground lease with zero landlord responsibilities, offering a secure, passive income stream. A new five-year lease extension begins January 1, 2025, with 2.5% annual rent bumps, providing inflation protection. The lease expires November 30, 2030, offering a substantial remaining term of six years. The property boasts a strong 5.25% cap rate and a Net Operating Income (NOI) of $45,000. Built in 1976, this bank branch benefits from its strategic location as a pad site to the 8th busiest Kroger in the nation, attracting 2 million annual visitors. The surrounding area features high traffic volume (Dayton-Xenia Rd: 15,000 VPD; N Fairfield Rd: 27,300 VPD) and numerous national retailers, including Panera Bread, Sheetz, and CVS. The high three-mile average household income of $143,826 further underscores the property's strong investment potential. The below-market lease rate of $14.62/SF and the US Bank's substantial deposits ($95.8M, ranking 35th out of 179 in Ohio) contribute to this compelling investment opportunity. At lease expiration, improvements revert to the landlord. The asking price is $857,000, representing a price per square foot of $278.34.

Highlights

  • $857,000 asking price for a 3,079 SF retail bank property.
  • US Bank occupies the space on an absolute NNN ground lease with zero landlord responsibilities.
  • The lease has a remaining term of six years, expiring 11/30/2030, with 2.5% annual rent bumps.
  • The property boasts a 5.25% cap rate and a $45,000 NOI.
  • Built in 1976, the property is situated on a pad site adjacent to a high-traffic Kroger, benefiting from significant foot traffic.
  • The property benefits from a strong location with high average household income.

Property Details for 3245 Dayton Xenia Rd

Property type
Retail properties, Banks
Square Feet
3,079 SF
Year Built
1976

Location Insight

City
Beavercreek
County
Greene
State
Ohio
Latitude
39.727112
Longitude
-84.0560621
3245 Dayton Xenia Rd, Beavercreek, Ohio

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3245 Dayton Xenia Rd
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