9040 Dayton Lebanon PikeDayton, OH 45458

Property Details for 9040 Dayton Lebanon Pike

Year built

2024

Lot size

0.40 AC

Property size (Sq ft)

1,421 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,421 square foot Take 5 Oil Change, located at 9040 Dayton Lebanon Pike, Dayton, OH 45458. The property sits on a 0.4-acre lot and includes five parking spaces. This is a stabilized, absolute NNN net lease with a corporate guarantee from Driven Systems, LLC, offering zero landlord responsibilities. The lease commenced September 21, 2024, and has a remaining term of approximately 9.8 years, expiring September 20, 2034. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a 6.15% cap rate and a current NOI of $72,000. Built in 2024, this is the latest Take 5 prototype featuring three service bays. The property benefits from excellent visibility and access, situated in a high-growth market with 135,094 residents in the primary trade area, boasting an average household income of $126,639. The location is minutes from the University of Dayton and surrounded by national tenants including Kroger, McDonald's, Walgreens, Starbucks, Taco Bell, Chipotle, and AutoZone. The ground lease has a remaining term of 10 years, expiring September 1, 2024. Four, five-year lease options are included. This is a single-tenant property with 100% occupancy.

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.613

Longitude

-84.1597

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