130 Broad StFairborn, OH 45324

Property Details for 130 Broad St

Year built

2019

Lot size

0.39 AC

Property size (Sq ft)

2,826 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

A02-0001-0002.0-0017.00

APU

A02000100020001700

Description

This exceptional investment opportunity presents a thriving Honey Toast Breakfast and Brunch restaurant for sale in Fairborn, Ohio. Located at 130 N Broad St, this freestanding, 2,826 square foot establishment boasts a convenient drive-thru and sits on a 0.385-acre lot (APN: A02000100020001700). Built in 2019, the property benefits from a new five-year lease expiring January 31, 2029, with two tenant renewal options including rent increases. The tenant, part of a five-restaurant franchise, enjoys a high-traffic location across from Wright-Patterson Air Force Base, benefiting from over 31,000 base employees and proximity to the 1A commissary gate. High daily traffic counts on I-675 (over 34,613 cars) and Broad Street (8,470 cars) further enhance the property's appeal. Offered at $900,000 with a 9% cap rate, this is a compelling investment prospect with strong potential for future returns. The property's prime location and established tenant make this a rare opportunity in the vibrant Fairborn market. This is a turnkey operation ready for a new owner to step in and continue the success.

• CAP approach

  CAP return

  Valuation

  6%

  $797,131

  6.5%

  $735,814

  7%

  $683,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,223

  Geo Method

  $140,223

• Alternative Use

  Use

  Valuation

  Residential

  $620,686

  Hospitality

  $568,545

  Educational

  $473,023

  Medical

  $489,291

  Retail

  $735,814

Location Insight

City

Fairborn

County

Greene

State

Ohio

Latitude

39.8245

Longitude

-84.0271

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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