Kroger Marketplace

Fairborn | Ohio

Offering Summary

  • Status: closed
  • Price: $5,263,158
  • CAP Rate: 4.75%
  • GLA: 134,976
  • Net Operating Income: $250,000
  • Price/SF: $41
  • Year(s) Built: 2017
  • Lot Size (Acres): 11.813
  • Lease Type: Absolute NNN Ground Lease
  • Kroger Marketplace Absolute NNN Ground Lease with 15+ Years Remaining in Fairborn, OH (Dayton MSA)
  • Upscale “Marketplace” Concept with Fuel Station – Larger Format with Enhanced Product Offerings; One of the First “Marketplace” Locations Kroger Rolled Out
  • Long History of Success at Location – Subject Property is a Relocation from 66,000 SF Kroger Store Next Door
  • Low Rent Factor – $250,000/Year; Equivalent to $1.85/SF on the 134,976 SF Building GLA
  • Absolute NNN Ground Lease – Zero Landlord Responsibilities
  • Kroger is the Top Grocer by Market Share in the Dayton MSA with 21 Locations; Headquartered in Cincinnati Just 50-Minutes from Subject Property
  • Corporate Guaranty from The Kroger Co. (NYSE: KR); $40B Market Cap & S&P “BBB” Investment-Grade Credit
  • Kroger Reported $138B Revenue & $1.64B Net Profit in FY2021; #17 on Fortune 500 and #3 Grocer in the U.S.
  • High-Image, 2017-Built All-Masonry Structure on Large 11.8-Acre Parcel
  • Original 20-Year Ground Lease with Twelve, Five-Year Renewal Options
  • Shadowed by 248,000 SF Menards and Recently Redeveloped Former Kroger Box with Planet Fitness, Goodwill, Feeders Supply, and NAPA
  • Situated as the Gateway to Valle Greene North – 325-Acre Business Park with Retail Restaurant, Hotel, Office, Medical, and Light Industrial Users & Tenants
  • Located Along E Dayton Yellow Springs Road with 16,225 VPD; Just Off the I-675 Exit Ramps (I-675 Sees 44,011 VPD)
  • Located Just 3 Miles from 8,000-Acre Wright-Patterson Air Force Base – One of the Largest and Most Important Bases in the Air Force with 47,000 Aircraft Operations Annually
  • Wright-Patterson is the Largest Single Site Employer in State of Ohio with 30,000+ Employees; $4.2 Billion Annual Economic Impact
  • Dense Demographics: 33,698 Residents within Three Miles and 74,490 Residents within Five Miles
  • Dayton MSA – 4th Largest Metro in Ohio Home to a Population of 808,000, 1 Hour to Columbus, 1 Hour to Cincinnati, 1.5 Hours to Indianapolis
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director