Royal Bourbon Chicken | Dayton, OH
For Sale
Royal Bourbon Chicken | Dayton, OH
Asking Price: $490,000
| Cap Rate: 8%
- Net Operating Income: $39,253
- Weighted Avg. Lease Term (WALT): 2.9 Years
- Lease Type: Absolute Net
Property Highlights
- Leased to Royal Bourbon Chicken on an Absolute Net-Lease featuring zero landlord responsibilities with over 2.5 years remaining on the initial term and (2) 5-year renewal options in place with annual rental increases
- Provides an investor with the opportunity to acquire the asset on a low basis benefiting from below market in-place rents and long-term redevelopment potential upon lease expiration
- The property features two points of ingress/ egress from Fishburg Road and Old Troy Pike, providing excellent accessibility and visibility along roadways with a combined traffic count exceeding 27,568 VPD
- The asset is located within a dense area with over 108,892 residents and an average household income of $84,200 within a 5-mile radius of the site