1942 Stroop RdKettering, OH 45429

This exceptional investment opportunity presents a 27,780 square foot retail storefront located at 1942 E Stroop Rd, Kettering, OH 45429. The property, built in 1970, sits on a 4.28-acre lot and boasts a strong 99.6% occupancy rate with only three tenants. The asking price is $2,125,000, representing a compelling $76 per square foot cost and an 8.00% capitalization rate based on a Net Operating Income (NOI) of $169,967. The property features long-term leases with a weighted average lease term (WALT) of 7 years, offering significant stability and future upside potential. Current annual base rent is $7.41 per square foot, with opportunities to increase rents as leases expire and mark-to-market. The property benefits from its prime location at the intersection of high-traffic roads, across from a high-performing Meijer supermarket, which draws approximately 1.94 million customer visits annually. The surrounding area demonstrates strong demographics, with over 190,000 residents within a 5-mile radius and average household incomes exceeding $91,000. The ease of management, with minimal CAM responsibilities, further enhances the investment appeal. This offering is significantly below replacement cost, making it a truly attractive investment opportunity. The property is currently 99.6% leased, with a vacant ATM site presenting an immediate opportunity to increase income.