FORMER LONG JOHN SILVER'S - 332 WEST NATIONAL RD, ENGLEWOOD, OH - LoopNet
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F O R M E R LO N G J O H N S I LV E R ’ S 3 3 2 W E S T N AT I O N A L R D, E N G L E W O O D, O H ABSOLUTE AUCTION | $1 BID MEETS RESERVE BUILDING: ±1,855 SF PROPERTY TYPE: RETAIL YEAR BUILT: 1974 DRIVE-THRU LOT: ±0.39 AC TENANCY: SINGLE STORIES: ONE PYLON SIGN PARKING: ±23 SPACES OCCUPANCY: VACANT ZONING: C-3, LIT INTERSECTION COMMUNITY BUS LINE COMMERCIAL ±2.5 MILE FROM I-70
P H I L I P K AT E S T: 305-206-1286 E: philip.kates@cbre.com A D A M S K L AV E R T: 954-745-7467 E: adam.sklaver@cbre.com ±1,855 SF QSR, FORMER LONG JOHN SILVER’S, AVAILABLE AT A SIGNIFICANT DISCOUNT BELOW REPLACEMENT COST TREMENDOUS VALUE ADD OPPORTUNITY VIA STRATEGIC LONG TERM LEASE- UP, REPOSITIONING OR ADAPTIVE REUSE CBRE is pleased to present a vacant, free-standing QSR located at 332 West National Road in Englewood, Montgomery County, Ohio (the “Property”). Formerly occupied by Long John Silver’s, this Property is offered significantly below replacement cost and offers an exceptional owner/ user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of one, free-standing, single-story building totaling ±1,855 SF. Positioned on ±0.392 acres (17,076 SF), the Property offers abundant parking with 23 surface spaces and offers 216’ feet of frontage on National Road with 1 curb cut. The Building offers drive-thru capabilities and offers prominent signage opportunities. The site is improved with an asphalt paved parking lot, concrete sidewalks, exterior pole lighting, building signage, and landscaping. This former Long John Silver’s is zoned C-3, Community Commercial, allowing for a variety of uses including retail goods & services. The flexible zoning offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning.The Property is positioned as an outparcel to a local service-oriented in-line retail center with other outparcels including McDonald’s and First Financial. The Property is located within Montgomery County within the North Dayton Submarket and offers excellent accessibility to the greater Dayton area via US Route 40 and I-70 (±2.5 miles from the Property). The Property offers excellent visibility and accessibility and is poised to benefit from approximately ±14,413 vehicles passing the site daily. The Property is located near economic generators including Dayton Metro Library - Northmont Branch positioned right across the street, Nissin Precision North America (±0.5 mile), YMCA & Sinclair Community College (±1 mile), Kleptz Early Learning Center (±1.2 miles), Northmont High School (±2 miles) and Caterpillar Logistics Facility (±10-minutes). The Property is located in a dense residential area and in 2019 had approximately ±52,978 individuals with an average household income of ±$77,029 and a total annual consumer spending of ±$540M (5-mile). ONLINE AUCTION: MAY 11 - 13, 2020
ABSOLUTE $1 AUCTION 1 ST BID MEETS RESERVE ENG LE WOOD, O H (DAY TON M SA ) Montgomery County is situated at the intersection of I-70 and I-75, which gives logistics and distribution EASILY companies incredibly fast and convenient access to 61% of the U.S. population, 63% of U.S. manufacturers, ACCESSIBLE and 80% of U.S. corporate headquarters, all of which are within a 600-mile radius. Defense, manufacturing, and healthcare dominate the economy in Dayton.Wright-Patterson Air Force Base is the metro’s largest WITHIN DAYTON employer, with over 30,000 active duty, reserves, and civilian employees, which provides a certain degree MSA W/ DESIRABLE of stability and helps to fuel investment in an otherwise stagnant economy. The base continues to FRONTAGE ON expand, potentially reaching 33,000 employees in coming years, while awarding substantial contracts to A MAIN AREA area companies. THOROUGHFARE The Property is located in Englewood, Montgomery County, Ohio, within the Dayton Metropolitan WITH ±14K Statistical Area. As of the 2010 census, the population was 535,153, making it the fifth-most populous VPD county in Ohio. Englewood, located in northwest Montgomery County, is a thriving community that is committed to economic development. The city is uniquely located in the Dayton metro area, less than 10 minutes from the Dayton International Airport, and positioned with two direct access points to Interstate 70, and just 5 miles west of Interstate 75. STRATEGICALLY Englewood has a distinctive history and character proven attractive to small and mid-size employers POSITIONED who wish to take advantage of a location in Englewood. With outstanding access, Englewood is ideally situated for residents and businesses. The city boasts a strong employee base, diverse housing choices, WITH PROMINENT numerous parks with outdoor recreational opportunities, and a business-friendly municipal government. SIGNAGE Englewood was named best overall community in the Dayton-Springfield metro area, according to Smart OPPORTUNITIES Moves™, a computer software product that ranks over 10,000 communities nationwide! AND DRIVE-THRU CAPABILITIES The neighborhood where the Property is located is defined as the northern portion of the City of Englewood, bounded by Sweet Potato Ridge Road on the north, North Diamond Mill Road on the west, South Main Street on the east, and I-70 on the south. U.S. Route 40 (National Road) runs through the center of this area in an east/west direction. P H I L I P K AT E S A D A M S K L AV E R T: 305-206-1286 T: 954-745-7467 E: philip.kates@cbre.com E: adam.sklaver@cbre.com
5-M I LE DE MOG RA PH I C S © 2019 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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