Triangle Center (Ace & Avis Buildings) - Dayton, OH

Long-Term Leases | Recent Extensions From Long-Standing Tenancy | Under Market Rents – Annual Base Rent = $7.41 PSF | 6 Years of Weighted Avg Lease Term (WALT) – At 99.6% leased with a vacant ATM site, Triangle Center provides an investor with the unique combination of durable long-term cash flow and the opportunity to immediately increase it through lease-up of the vacant ATM. As the tenant’s leases expire, an investor will have the opportunity to increase rental revenue over time from the current Annual Base Rent of $7.41 PSF. Additionally, there will be the opportunity to mark-to-market as none of the tenants have renewal options remaining.
Meijer Shadow Anchored | Heavily Trafficked Location – Outstanding Visibility and Accessibility – Triangle Center benefits from its excellent location at the intersection of Wilmington Pike (±21,990 VPD) and Stroop Rd (±24,500 VPD) – along with being located across the street from a heavily trafficked Meijer. According to Placer.ai, this Meijer location has experienced ~1.94 million customer visits over the past 12 months – which ranks it in the 66th percentile nationally (90 of 264), 84th percentile in Ohio (9 of 51), and 100th in a 15-mile radius (1 of 5).
Desirable Submarket – Strong Demographics | Nearly 200,000 Residents Within 5-Miles – Triangle Center features desirable demographics in the surrounding area, with a population of more than 190,000 residents within a 5-mile radius boasting average household incomes in excess of $91,000.
Ease Of Management | Only 3 Tenants | Minimal CAM Responsibilities
Being Offered Significantly Below Replacement Cost – $73 PSF

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Matt Wallace