7189 Alliance RdWaynesburg, OH 44644

Property Details for 7189 Alliance Rd

Year built

2024

Lot size

5.71 AC

Property size (Sq ft)

28,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Waynesburg

County

Carroll

State

Ohio

Latitude

40.6825

Longitude

-81.2334

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