x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Sheetz, Cleveland , OH

Sheetz

Amherst, OH

Price $4,111,000
Cap Rate 4.50%
NOI $185,000
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases In Option Periods
Year Built 2022
Building Size 6,070 SF
Lot Size 2.53 Acres (110,207 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO CORPORATE SHEETZ
» 10 percent rental increases every option, providing an excellent hedge against inflation
» Absolute NNN lease requires no landlord management, ideal for an out of area investor
» Sheetz is one of the largest privately owned chains of convenience stores in the U.S.
» Sheetz is investing significant capital into the construction, providing a safe investment for passive investors

HIGH-TRAFFIC LOCATION IN POPULOUS AND GROWING AREA
» Located along North Leavitt Road, with excellent visibility and access to 32,359 vehicles per day in front of the site
» Proximity to highly trafficked Ohio thoroughfares, including State Route 2 (41,840 AADT)
» 90,221 residents within a five-mile radius of the property, establishing a large customer base for the site
» Projected 12 percent average annual household income increase within five miles of the site in the next five years, poising Sheetz and the immediate trade area for significant concurrent growth
» Surrounded by high-density single family housing developments and large townhouse complexes

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Outparcel to ALDI-anchored shopping center, attracting crossover shopping directly to the location
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Target, Lowe’s, The Home Depot, Kohl’s, Tractor Supply Company, and many more
» Three miles from Lake Erie, where the tourism industry throughout Ohio’s Lake Erie region tops over $2 billion in annual sales
» One mile from Tyson Foods (725 employees)
» Located near highly attended area schools, including Lorain High School and Marion L. Steele High School (combined 3,164 students)

NEW 2022 CONSTRUCTION TO TENANT’S LATEST PROTOTYPE
» Location includes a freestanding c-store and six canopied gas pumps for added customer convenience



Property Description

This Sheetz is strategically located along North Leavitt Road, with excellent visibility and access to 32,359 vehicles per day. The site also maintains a beneficial proximity to highly trafficked Ohio thoroughfares, including State Route 2 (41,840 AADT). 90,221 residents within a five-mile radius of the property, establishing a large customer base for the site. The property is surrounded by high-density single family housing developments and townhouse complexes, and with a projected 12 percent average annual household income increase within five miles of the site in the next five years, Sheetz and the immediate trade area are poised for significant concurrent growth.

The property benefits from its central location near many of the region’s largest employers, retailers, and community hubs. The location is outparcel to an ALDI-anchored shopping center, attracting crossover shopping directly to the location. The site is also surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Target, Lowe’s, The Home Depot, Kohl’s, Tractor Supply Company, and many more. The property is located three miles from Lake Erie, where the tourism industry throughout Ohio’s Lake Erie region tops over $2 billion in annual sales. The site is one mile from Tyson Foods (725 employees) and located near multiple highly attended area schools, including Lorain High School and Marion L. Steele High School (combined 3,164 students).

Contact Us About This Property

Ryan & Vince & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link