REIT Sale | Former Anchor Box at Dayton Mall | 227K SF | 15.62 Acres | 30K VPD Traffic

Investment Highlights

• 227,070 SF Former Elder Beerman in Dense & Affluent Pocket of Dayton, Ohio
• Large ±15 Acre Site with Prime Visibility on Springboro Pike (±30K VPD) and Easy Access to I-75 (119K VPD) and I-675 (62K VPD)
• 1,501 Feet of Frontage on 741/Springboro Pike
• Zoned B-3, Business District Zoning Allows for Adaptive Reuses
• Attached to Dayton Mall with 4.6M Visits per Year in the High-Traffic South Dayton Retail Corridor
• Positioned in a Growing Residential Area with 141,196 People and Average Household Income of $93,988 Within a 5-mile Radius

 

Offering Summary

Marcus & Millichap and Edge Real Estate Group are pleased to offer for sale the former Elder Beerman retail box at the Dayton Mall, located at 2700 Miamisburg Centerville Road in Dayton, Ohio (the "Property”). Well located on Springboro Pike (±30K Vehicles Per Day) and just off the hard corner of Miamisburg Centerville Road (±35K Vehicles Per Day), the Property presents a unique value-add opportunity for investors to purchase a 227,070 SF vacant box spread across 15.62 acres that’s part of a strong performing regional mall in a dense and affluent pocket of Dayton.

Dayton Mall is the largest super-regional mall in the Dayton metro area totaling over 1.4 million square feet and 4.3 million visits per year (placer.ai).  Neighboring retail tenants in adjacent shopping centers include Target, Walmart, Burlington, PetSmart, Harbor Freight Tools, Best Buy, Lowe’s Home Improvement, Menards, Home Depot, and many more.

Dayton is the sixth-largest city in Ohio and serves as a central hub for the surrounding Miami Valley region. The city is well-connected by major highways, including Interstates 70 and 75, making it easily accessible from other major cities like Cincinnati, Columbus, and Indianapolis. One of the key areas of interest is Miami Township, a rapidly growing suburb located just south of downtown Dayton. Miami Township has seen significant residential and commercial development in recent years, driven by its attractive suburban environment and proximity to major employment centers, numerous shopping centers, restaurants, and service businesses. As of 2023, the Property’s demographics have ±141,196 individuals residing within a 5-mile radius, with an average household income of ±$93,988. The Property is located within a steady growth area with population growth of 4.06% from 2010-2023 and an anticipated 1.63% growth expected from 2023-2028 within five miles of the Property.