Absolute Net Tim Hortons Dayton MSA
3010 Kettering Boulevard, Moraine, OH, USA Map
Listing Price $1,150,000
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Net Lease |
| CAP Rate | 6.14% |
| GLA (Sq. Ft.) | 1,566 |
| NOI | $70,607 |
| Lease Term Remaining | 12 |
| Increases | 2% Annually |
| Options | 2 x 5 Years |
| State (BOR) | OH |
| Broker of Record | Michael Glass |
| License # (BOR) | BRK 2007005898 |
Investment Highlights
- Robust Traffic Counts on Kettering Blvd (12,686 VPD),
Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD)
(Source: LandVision, CoStar, 2022) - Tenant Next Level Restuarant Brands Currently Operates
Over 130 Tim Hortons Locations Throughout the Midwest,
Recently Adding 55 locations in Ohio, Kentucky, and West
Virginia - Well Established Retail Corridor | Nearby National
Retailers Include: McDonald’s, Taco Bell, Arby’s, Wendy’s,
Chipotle, Walmart, Dollar General, Midas, and Others - Affluent Community with an Average Household Income
of Over $69K within Five Miles of the Subject Asset, as of
2022 - Subject is 15 Miles from Dayton International Airport,
Serving Well Over Half a Million Passengers Annually
(flydayton.com) - Parks and Outdoor Recreational Facilities Nearby Include:
Fariway Golf Club, Adirondack Trail, Hills & Dales
MetroPark, Dayton Country Club, Natioal Museum of the
USAF, Eastwood MetroPark, and More - Subject is 4 Miles from Downtown Dayton with a
Population in the MSA of Over 800,000
Investment Overview
Subject is a Prime 1,566 Square-Foot Tim Hortons on a .56-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Busy Intersection. Absolute NNN Lease with a 20-Year Base Term, Over 12 Years Remaining and Zero Landlord Responsibility | 2% Annual Rental Increases and 2 x 5-Year Options
