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3137-3145 Salem Ave
Dayton, OH 45406 Fairview

Price Upon Request

Storefront For Sale  •  7,600 SF

Property Details

  • Property Type Storefront
  • Total Building Size 7,600 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1945
  • Tenancy Multiple
  • Zoning C
30 Transit Score
50 Walk Score

Highlights

Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease
Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion
Limited Direct Competition: The nearest competing dispensary is located approximately four miles away
Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations

Major Tenants

Tenant SF Occupied Lease End Date
Cricket
Off The Charts
Prevailing Taste Style Hse

Amenities

  • Signalized Intersection
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
James M Cox Dayton International 19 min - 9.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes