Subway Dayton, Ohio
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Property Description
| Address: | 1814 Woodman Drive Dayton, Ohio 45420 |
|---|---|
| Year Built: | 1972 |
| Current Occupancy: | 100% |
| Net Rentable Area: | 1,815 square feet |
| Parking: | 14 with ample room for more |
Additional Property Information
1. 2014 Dayton Retail Market Report GEM (pdf)2. 2014 CoStar Advisory Report (pdf)
3. MVRPC Traffic Counts (pdf)
4. MPSI Traffic Counts map (pdf)
5. Demographics (pdf)
6. Phase II Environmental Report (pdf)
7. Plat Map Survey with Easements (pdf)
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- Subway Real Estate Corp. is a Delaware corporation whose assets consist almost exclusively of leases, subleases and options to purchase leased premises. Tenant was organized principally for the purposes of negotiating and drafting of leases with a view towards subletting the leased premises to franchisees and or licensees of Doctors Associates Inc. Doctors Associates Inc is a Florida corporation that owns all the rights to award Subway franchises.
- The Property is an out parcel of Woodman Plaza shopping center, a 245,949 square foot 100%-occupied shopping center. The center is occupied by Wendy’s, Dollar General, Goodwill Easter Seals, STEM Academy, Fiesta Salons and Fricker’s (all NAP).
- This property is 100% occupied by Subway Real Estate Corp. and franchised to Tom S. Mayl. This franchisee currently owns and operates 11 Subway franchises and 2 Buffalo Wild Wings.
- Located at 1814 Woodman Dr., this property is only 1.5 miles south of State Route 35. Approximately 30,000 cars per day travel on this section of Woodman Dr. (DataMetrix as of 2002).
- Dayton is the heart of a dynamic region where a rich history of invention and innovation continues to unfold. Dayton’s creative side is complemented by attractive neighborhoods, a diverse economic base, distinct cultural attractions, expansive recreational space, and excellent city services.
Dayton is a city in and the county seat of Montgomery County in the west/southwestern portion of Ohio. The 2000 United States Census tallied 166,179 residents in the city with the Metro Dayton area comprised of 832,094 residents. Dayton is the sixth largest city in Ohio.
Dayton is within 500 miles of 60% of the population and manufacturing capacity of the U.S. and so is defined as one of only two major logistics centroids in the United States. Dayton’s air market reaches over 137 million people. It plays host to significant industrial, aerospace, and technological/engineering research activity and is known for the many technical innovations and inventions developed there. Much of this innovation is due in part to Wright-Patterson Air Force Base and its place within the community. Dayton’s businesses have diversified into the service economy including the insurance, legal, and healthcare sectors.
Dayton is also noted for its association with aviation; the city is home to the National Museum of the United States Air Force. The city was the home of the signing of the Dayton Peace Accords, which brought an end to the war in Bosnia. Orville Wright, poet Paul Laurence Dunbar, and entrepreneur John H. Patterson were born in Dayton. Dayton is also known for its many patents, inventions, and inventors that have come from the area, most notable being the Wright Brothers’ invention of powered flight. In 2008, Site Selection magazine ranked Dayton the #1 medium sized metropolitan area in the nation for growth and expansion.Dayton is home to many major corporations and companies such as Reynolds and Reynolds, CareSource, Cargill, Cox Enterprises, NewPage Corporation, Huffy Bicycles, LexisNexis, Kettering Health Network, Premier Health Partners, Standard Register, and Teradata. It is the former home of the Speedwell Motor Car Company and the Mead Paper Company before it became MeadWestvaco. NewPage Corporation is a Fortune 1000 company. Behr Dayton Thermal Products LLC is also located in Dayton.
- Dayton has a moderate climate with four distinct seasons. Summers are typically hot and muggy while winters are typically cold and dry.
- Dayton is the 6th largest city in Ohio
2009 Dayton metro population is estimated at 832,094
2009 Median age is 34.4
2009 average household income is $60,699 and the median is $47,315
Approximately 35 percent of its population is in the 18-44 age group
14.21% of Dayton residents hold a bachelor’s degree and 8.9% hold graduate or professional degrees.
- Colleges and universities in the Greater Dayton area include:
University of Dayton
Wright State University
Kettering College of Medical Arts
Sinclair Community College
Miami Jacobs Career College
Wittenberg University
Central State University
Cedarville University
Air Force Institute of Technology
Antioch University McGregor
Clark State Community College
Edison State Community College
Miami University-Middletown
Southern State Community College
United Theological Seminary
Urbana University
Wilberforce University
Wilmington College
- Wright Patterson Air Force Base 18,260 employees
Premier Health Partners 12,000 employees
Kettering Health Network 7,000 employees
Good Samaritan Hospital 3,000 employees
Samaritan North 2,600 employees
Sinclair Community College 2,377 employees
University of Dayton 2,094 employees
U.S. Post Office 1,850 employees
Behr America 1,800 employees
Reynolds & Reynolds 1,550 employees
VA Medical Center 1,540 employees
GE Consumer Finance 1,500 employees
AT&T 1,500 employees
Cox-Ohio Publishing 1,300 employees
- Mercy Medical Center
Wright Patterson AFB Medical Center
Kettering Medical Center
Grandview & Southview
Good Samaritan Hospital
Miami Valley Hospital
Dayton Veterans Affairs Medical Center
- National Parks Service
The Dayton Art Institute
National Museum of the United States Air Force
Dayton Demons professional hockey
The Subway Brand
Back in 1965, Fred DeLuca set out to fulfill his dream of becoming a medical doctor. Searching for a way to help pay for his education, a family friend suggested he open a submarine sandwich shop. With a loan of $1,000, the friend—Dr. Peter Buck—offered to become Fred’s partner, and a business relationship was forged that would change the landscape of the fast food industry.
The first store was opened in Bridgeport, Connecticut in August, 1965. Then, they set a goal of having 32 stores opened in 10 years. Fred soon learned the basics of running a business, as well as the importance of serving a well-made, high quality product, providing excellent customer service, keeping operating costs low and finding great locations. These early lessons continue to serve as the foundation for successful SUBWAY® restaurants around the world.
By 1974, the duo owned and operated 16 submarine sandwich shops throughout Connecticut. Realizing they would not reach their 32 store goal in time, they began franchising, launching the SUBWAY® brand into a period of remarkable growth which continues to this day.
Today, the SUBWAY® brand is the world’s largest submarine sandwich chain with more than 42,919 locations in 107 countries and territories as of November 10, 2014. SUBWAY® has become the leading choice for people seeking quick, nutritious meals that the whole family can enjoy. From the beginning, Fred has had a clear vision for the future of the SUBWAY® brand.
Doctor’s Associate, Inc, which owns the SUBWAY® brand, is a privately held company with corporate offices located at 325 BIC Drive Milford, Connecticut, 06460. Key personnel are: Fred DeLuca (President), Millie Shinn (Executive Vice President) and David Worrol (Controller).
The Tenant
Surrounding Tenants in the Shopping Center
Wendy’s Old Fashioned Hamburgers
As one of the largest fast-food companies in the world and the #2 hamburger chain behind McDonald’s, Wendy’s (NYSE: WEN) oversees more than 6,500 restaurants in the US and about 20 other countries. About three-fourths of Wendy’s restaurants are franchised. Chairman Nelson Peltz and Vice Chairman Peter May together own more than 20% of the company through investment firm Trian Partners. The Wendy’s chain offers made-to-order burgers and fries, as well as such alternative menu items as baked potatoes, chili, and salads. About 1,400 of the restaurants are owned by the company. Wendy’s International is a subsidiary of Wendy’s Group.
Dollar General (13,594 s/f)
Dollar General Corp. is a U.S. chain of variety stores headquartered in Goodlettsville, Tennessee. As of August 28, 2014, Dollar General operated over 11,500 stores in 40 U.S. states. The stores were founded in 1939 by Cal Turner in Scottsville, Kentucky as J.L. Turner & Son, Inc. In 1968, the business changed its Name to Dollar General Corporation. In 2007, the company was acquired by the private equity firm Kohlberg Kravis Roberts & Co. (KKR), which took the company public in 2009. Dollar General Stores are typically in small shopping plazas or strip malls in local neighborhoods. The company acquired the 280 stores of the P.N. Hirsh Division of Interco, Inc. (now Furniture Brands International, Inc.) in 1983 and in 1985 added 206 stores and a warehouse from Eagle Family Discount Stores, also from Interco, Inc. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer.
STEM Academy (94,230 s/f)
One of 12 public STEM (Science, Technology, Engineering and Math) schools across Ohio, the Dayton Regional STEM School offers students a relevant, real-world educational experience which will prepare them for college and opportunities in the work world. It currently serves 557 students in grades 6-12 (262 in high school) from 30 different school districts in seven counties and taught by 23 teachers. The curriculum is directly connected to the real world of work being done by scientists, engineers, strategists, planners, manufacturers, innovators and entrepreneurs throughout the Dayton region.
The Schools Mission is to prepare students with the skills necessary to compete in the global economy while nurturing young people the same enthusiasm for discovery, invention and application that launched the vision for powered flight. This mission is inspired by the Dayton region’s history, and is aimed at ensuring our community’s future success.
Frickers
Fricker’s on Woodman Dr. has been serving the greater Miami Valley with hot wings and cold beer since 1988. Just minutes off of I-35, traveling south towards Kettering, this location is a community partner sponsoring over 50 sporting teams and events per year. In addition to Monday through Thursday food specials, they offer the happiest hours in town Monday through Sunday.
