121 Heincke RdMiamisburg, OH 45342

Property Details for 121 Heincke Rd

Year built

1970

Construction

FRAME

Lot size

1.09 AC

Property size (Sq ft)

4,954 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

K46 00514 0046

APU

K46005140046

Description

This exceptional investment opportunity presents a 2,442 square foot Arby's restaurant in Miamisburg, Ohio, situated at 121 S Heincke Rd, 45342. The property boasts a strong 20-year absolute NNN lease with AES Restaurants of Ohio, LLC, a significant operator within the AES Restaurant Group, owning 29 of 187 units. This sale-leaseback transaction offers a 5.50% cap rate and a substantial $126,842 annual net operating income (NOI). The property benefits from a prime location, approximately 500 feet from a newly constructed Kroger Marketplace and Fuel Center (2023). The ease of management is ensured by the NNN lease structure, eliminating landlord responsibilities. Arby's, part of the Inspire Brands family (the second-largest restaurant company in the US), enjoys a strong national brand presence. The property's strategic location is further enhanced by its proximity to numerous other national retailers within a 0.5-mile radius, including Wendy's, McDonald's, Big Lots, Chase Bank, AutoZone, Walgreens, Ace Hardware, Family Dollar, Burger King, Taco Bell, and a USPS location. This is a turnkey investment with a long-term, secure lease and a proven track record of success. The asking price is $2,306,232. 100% occupancy ensures immediate cash flow.

• CAP approach

  CAP return

  Valuation

  6%

  $1,153,712

  6.5%

  $1,064,965

  7%

  $988,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $966,506

  Geo Method

  $245,812

• Alternative Use

  Use

  Valuation

  Residential

  $898,338

  Hospitality

  $822,873

  Educational

  $684,620

  Medical

  $708,166

  Retail

  $1,064,965

Location Insight

City

Miamisburg

County

Montgomery

State

Ohio

Latitude

39.6391

Longitude

-84.2655

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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