111 Front StDayton, OH 45402

Property Details for 111 Front St

Lot size

2.70 AC

Property size (Sq ft)

33,553 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

This exceptional investment opportunity presents a 33,553-square-foot industrial distribution facility located at 111 Front St, Dayton, OH 45402, situated on a 2.7-acre lot. The property boasts a strong corporate guarantee from SRS Distribution, a subsidiary of Home Depot (NYSE: HD), providing financial stability and security. The current lease, a Net Lease (NNN) agreement, commenced August 1, 2019, and has a remaining term of approximately five years, extending to October 31, 2029, with built-in 2.5% annual rent increases. The property features seven loading docks and three dock-high doors, enhancing operational efficiency. The building underwent renovations in 1965 and 1999, and most recently received a brand-new roof in 2024, complete with a 20-year warranty, minimizing future maintenance expenses. The property's Net Operating Income (NOI) is $146,154, yielding a 7.00% cap rate, based on an asking price of $2,088,000. The strategic Dayton location offers easy access to major interstates I-75 and I-70, providing convenient access to key Midwest markets. The land value is $17.75 per square foot, and the building's price per square foot is $62.23. This property represents a compelling investment opportunity in a thriving Midwest industrial market with a high-quality tenant and a long-term lease. The property's APN is R72-00810-0001. The 100% occupancy rate further solidifies its value.

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.764

Longitude

-84.1761

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].