OFF THE CHARTS DISPENSARY | 3137-3145 Salem Ave
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OFF THE CHARTS DISPENSARY 3137-3145 Salem Ave
7,600 SF 80% Leased Retail Building Dayton, OH 45406 $2,283,536 CAD ($300 CAD/SF) 8.75% Cap Rate
Investment Highlights
- UPSIDE THROUGH ADDITIONAL RENT: There is a billboard generating $1,500/YR which has not been taken into consideration in our pricing.
- LONG-TERM LEASE: There are over 7.5 years remaining on the base term of the lease, providing stability and security for investors.
- Ohio stands out as one of the most attractive cannabis markets in the nation, with medical marijuana sales exceeding $2 billion.
- HIGH-YIELDING INVESTMENT: The property is being offered at a Year-1 in-place cap rate of 8.75%.
- LIMITED COMPETITION: The nearest competing dispensary is approximately 4 miles away.
Executive Summary
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,600 SF
Building Class
C
Year Built/Renovated
1945/2023
Price
$2,283,536 CAD
Price Per SF
$300 CAD
Cap Rate
8.75%
NOI
$199,809 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.41 AC
Opportunity Zone
Yes
Parking
13 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,000 SF
- Retail
- -
- Jan 2025
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,000 SF | Retail | - | Jan 2025 |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2025 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R72-16307-0012 | Improvements Assessment | $25,828 CAD |
| Land Assessment | $15,799 CAD | Total Assessment | $41,627 CAD |
PROPERTY TAXES
Parcel Number
R72-16307-0012
Land Assessment
$15,799 CAD
Improvements Assessment
$25,828 CAD
Total Assessment
$41,627 CAD
Contacts
-
Alexander Machado -
Daniel Gonzalez -
Rob Goldberg -
Ben Snyder -
Matthews Real Estate Investment Services
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OFF THE CHARTS DISPENSARY | 3137-3145 Salem Ave
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