29500 Aurora Rd - Service Station FOR SALE


Solon, OH 44139
$5,793,580 USD
201-919-6148
29500 Aurora Rd, Solon, OH for Sale
$5,793,580 USD
Service Station - FOR SALE
1/3
null | 5.45% Cap Rate

29500 Aurora Rd
Solon, OH 44139


HIGHLIGHTS

  • Brand-new 2025 construction with modern Sheetz prototype
  • 15-year absolute NNN lease with zero landlord duties
  • Positioned on Aurora Road with 40,000+ daily vehicles
  • Dense trade area with 111K+ residents within 5 miles
  • $164K+ average household income within one mile
  • Corporate-guaranteed lease from national operator Sheetz

OVERVIEW

Northmarq presents a rare opportunity to acquire a newly constructed Sheetz convenience store and fueling station in Solon, Ohio—one of the most affluent suburbs in the Cleveland MSA. Completed in July 2025, this 5,062 SF asset sits on a 3.57-acre parcel and is secured by a 15-year absolute NNN ground lease with Sheetz, Inc., a nationally recognized operator with over 770 locations. The lease structure offers investors a passive income stream with zero landlord responsibilities and scheduled rent escalations every five years. Strategically located along Aurora Road, a high-traffic corridor with over 40,000 vehicles per day, the property enjoys exceptional visibility and accessibility. It is less than half a mile from US Highway 422, positioning it as the first accessible fuel and food option for commuters. The surrounding trade area boasts over 111,000 residents within a 5-mile radius and an average household income exceeding $164,000 within one mile, underscoring the site’s strong consumer base. Solon’s limited development pipeline and high barriers to entry further enhance the long-term stability of this investment. The city is home to major employers like Nestlé and Swagelok, and benefits from proximity to Cleveland’s world-class institutions and infrastructure. With its modern design, full fueling station layout, and corporate-guaranteed lease, this Sheetz location represents a premier net lease investment in a high-demand market.

FOR SALE DETAILS

PRICE

$5,793,580 USD

PRICE/SF

$1,145 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

-

APN/PARCEL ID

951-20-004

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.