235 North Heincke Road Retail
  • Asking Price
    $3.3MAsking Price
  • Cap Rate
    5.25%Cap Rate
  • Price/SF
    $1,400Price/SF
  • Gross Leasable Area
    2,385 SFGross Leasable Area
  • Traffic Count
    8372Traffic Count
  • NOI
    $175KNOI

Description

235 North Heincke Road is a single-tenant Chipotle quick-service retail property offered for sale in Miamisburg, OH 45342, in the Dayton MSA submarket. Built in 2026 and 100% occupied, it offers an investor a defined restaurant asset with income already in place.

The building has 2,385 SF of gross leasable area on a 0.89-acre site. Pylon signage and an 8,372 AADT traffic count put visibility at the center of the retail story: customers need to identify the restaurant as they approach. The property also has 34 parking spaces and a parking ratio of 14.26 per 1,000 SF, giving buyers a concrete measure of how the site accommodates customer visits. Together, the building size, signage and parking frame the property around the day-to-day requirements of its quick-service tenant.

The asking price is $3,339,000, or $1,400 PSF, with a 5.25% in-place cap rate and $175,298 in-place NOI. In-place rents are $175,298/yr, and WALT is 15 years. Those figures let an investor weigh the current income and remaining lease duration against the purchase price, rather than relying on a future leasing assumption. With fee simple ownership interest and an NNN lease type, the offering centers on a single occupied property whose restaurant format, site configuration and existing income can be reviewed together as one acquisition.

Offering Summary

  • Asking Price
    $3,339,000
  • Price PSF
    $1,400
  • Price/Acre
    $3,751,685
  • Property Type
    Retail
  • Size
    2,385 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    2026
  • Parking
    34
  • Total Acres
    ~0.89 ac

Sale Details

  • Walt
    15 Years
  • Cap Rate
    5.25%
  • NOI
    $175,298
  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $175,298
  • GRM
    19.05

Documents

Property Address

235 North Heincke Road
Miamisburg, OH 45342

Property Details

  • Property Type
    Retail
  • Square Feet
    2,385 SF
  • Occupancy
    100%
  • Year Built
    2026
  • Parking Ratio
    14.26 per 1,000 SF
  • Total Parking
    34
  • Tenancy
    Single
  • Lease Type
    NNN
  • Ownership Interest
    Fee Simple
  • Gross Leasable Area
    2,385 SF
  • Traffic Count
    8,372 AADT
  • Acres
    0.89

Deal Team

Joe Caccamo profile image

Joe Caccamo

Partner
CP Partners