Dayton, OH - Meineke

Description:

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Dayton, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Meineke Car Care Center is located along Woodman Drive, a signalized, high-traffic corridor serving east Dayton with 20,700 vehicles per day (VPD) and immediate access to U.S. Highway 35 (69,800 VPD). Woodman Drive is a major north–south commuter route connecting established residential neighborhoods to regional retail and employment centers. The property is positioned within a dense retail corridor near East Plaza Shopping Center, Pinewood Plaza, The Mall at Fairfield Commons, Beavercreek Towne Center, and Fairfield Crossing, anchored by national tenants including Kroger, Walmart, Target, Aldi, Lowe’s, Kohl’s, Sam’s Club, Dick’s Sporting Goods, T.J. Maxx, and HomeGoods, with a high-performing Kroger located directly across the street ranking in the top 2% of Kroger locations nationwide with approximately 2 million annual visits per Placer.ai. Additional nearby tenants such as AutoZone, Advance Auto Parts, Dollar Tree, Planet Fitness, McDonald’s, Burger King, and Chick-fil-A further support consistent daily traffic. The surrounding five-mile trade area includes approximately 194,000 residents and over 87,000 employees, providing a strong consumer base for long-term tenant performance.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002Gu0HYAS