June 25, 2021 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a Kroger in Dayton, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,750,000.
Kroger is located at 1555 Wayne Avenue in Dayton, Ohio. The stand-alone building consists of 22,973 square feet on a 3.2-acre parcel in the heart of Dayton. Kroger has occupied this location since its construction in 1959 and has 1+ years remaining on their Modified Net Lease. Kroger is well located along Wayne Avenue in Dayton and is just 1-mile from the University of Dayton, the second largest private university in Ohio with a total enrollment of 11,677. The property is located along the municipal bus line and is the closest grocery store/supermarket to the campus. Kroger has been extremely successful at this location and has outstanding sales. This location has averaged +/-$14,265,000 per year (+/-$620 per square foot) in sales over the last four years.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.