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Closed Transactions

Wright-Patt Corporate Ground Lease

1284 East Ash Street, Piqua, OH, 45356
  • Agent(s):
    Kyle Hartung
  • Name:
    Wright-Patt Corporate Ground Lease
  • Address:
    1284 East Ash Street, Piqua, OH, 45356
  • Total SF:
    4,200
  • Lot Sizes:
    1.047 Acres
  • Option:
    For sale
  • Category:
    Investment Sales Sold

Details

For sale to qualified investors is the fee simple interest in the singletenant Wright-Patt Credit Union (WPCU) ground lease in Piqua, Ohio. With over 34 corporate branch locations through Cincinnati, Columbus and Dayton, WPCU is the largest member-owned credit union in Ohio. The lease is corporately-guaranteed by Wright-Patt Credit Union, Inc., who in February 2022 reported $7.1 billion in assets and recent annual earnings over $76 Million. The ground lease is 100% triple net with zero landlord maintenance or repair obligations and features nearly 20 years of guaranteed lease term remaining. The brand-new building is situated in a prime location directly in front of Walmart Supercenter and The Home Depot. The property is located steps from Interstate 75 providing access to Dayton, Cincinnati and Toledo, and is surrounded by national retailers. Some of these include McDonald’s, Cracker Barrel, Bob Evans, Verizon, Taco Bell, KFC, Wendy’s, Arby’s, Dairy Queen, JoAnn, Planet Fitness, Cinemark, Dunham’s, and more.

Location

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