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Walgreens

$3,445,000

183 E Dayton Yellow Springs Rd, Fairborn, OH 45324

Active
Last Updated: 10/13/2025

10

Cap Rate

344,499.96

NOI

Details:
Cap Rate:    10%
NOI:    $344,499.96
Building Size:    14,490 sqft
Lot Area:    1.86 acres
Year Built:    2000
Highlights:
  • Absolute NNN Lease w/ No Landlord Obligations
  • 20 Year Operating History With Strong Sales Reporting
  • Corporate Guarantee Backed Lease from Walgreen Co.
  • Within 3 Miles of Wright Patterson Medical Center | 300+ Bed Medical Center
  • 11 Miles Outside of Downtown Dayton | Dayton OH MSA is One of the Top 15 Largest MSA's in The Midwest
  • 38,300+ Traffic Counts at the Signalized Intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd
  • Within 2 Miles of Wright State University | Total Student Enrollment Exceeds 11,000+
  • Within 4 Miles of Wright Patterson Air Force Base | Employs 31,000 Civilians and Servicemen | Services Over 54,000 Retirees
Description:

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Fairborn is a city in Greene County, Ohio, located within the Dayton metropolitan area. It had a population of 34,510 at the 2020 census, making it one of the largest suburbs of Dayton and a key community within the Miami Valley region. Situated along Interstate 675 and State Route 444, Fairborn offers convenient access to Dayton, Columbus, and Cincinnati, positioning it as a strategic hub for commerce, education, and military activity in southwestern Ohio.
The city’s economy is strongly influenced by its proximity to Wright-Patterson Air Force Base, one of the largest and most important U.S. Air Force installations in the country. The base employs over 30,000 military, civilian, and contractor personnel and drives a significant portion of the local and regional economy. Wright State University, located just south of the city, is another major employer and a leading research institution known for its programs in engineering, health sciences, and business. Together, the base and the university contribute to a strong employment base in aerospace, defense, education, and technology.
Fairborn also features a growing mix of retail, healthcare, and service industries, supported by a steady residential population and consistent visitor activity from the nearby base and university. The city’s central business district and commercial corridors, including those along Dayton–Yellow Springs Road and Broad Street, continue to see revitalization and new development. Several regional employers, such as Leidos, Northrop Grumman, and SAIC, maintain operations in or near Fairborn, further strengthening its position as part of Ohio’s innovation and defense corridor.
The surrounding Dayton metropolitan area is home to more than 800,000 residents and supports diverse industries, including advanced manufacturing, logistics, and healthcare. Fairborn’s combination of educational institutions, military influence, and business investment makes it an essential part of the region’s economic landscape. With ongoing development near Wright State University and continued investment in infrastructure, Fairborn remains a dynamic and strategically located city poised for long-term growth.

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