3634 Massillon Rd - Convenience Store FOR SALE


Uniontown, OH 44685
$1,646,500 USD
949-724-5552
3634 Massillon Rd, Uniontown, OH for Sale
$1,646,500 USD
Convenience Store - FOR SALE
1/7
null | 5.25% Cap Rate

3634 Massillon Rd
Uniontown, OH 44685


HIGHLIGHTS

  • Absolute NNN – MAPCO Gas Station & Convenience Store
  • Below Market Rent and Small Price Point
  • Lease Guaranteed by Majors Management LLC (www.majorsmanagement.com)
  • Over 9.5 Years Remaining in the Primary Term
  • 5% Rent Increases Every 5 Years - Inflation Resistant Cash Flows
  • 100% Bonus Depreciation – (Consult with your Tax Advisor)

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant, absolute NNN leased MAPCO convenience store and gas station in Uniontown, OH. This location has successfully been in operation since 1994. The lease is guaranteed by Majors Management LLC, owner of Mapco and who supports over 600 retail gas stations and almost 550 independent retailers. With over 9.5 years remaining in the primary term, three 5-year option periods, rent increases every 5 years, unconditional guaranties and no landlord responsibilities, this asset is ideal for a passive investor seeking long-term cash flows. The property is situated in front of a 90,000 square foot Giant Eagle Market District grocery store.The 2,729 SF c-store with four MFD’s on 1-acre parcel is strategically located on the hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is directly located at the on ramp off ramp of Interstate 77 (over 93,300 VPD). The subject property is 9 miles from downtown Akron, OH which has an MSA population exceeding 700,000. Nearby retailers include Giant Eagle Market District, ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, McDonald’s, Chipotle, Starbucks, Dunkin’, Taco Bell and more. This is an excellent opportunity to purchase an absolute NNN gas station and c-store with multiple lease guarantors with a longterm lease, below market rent and a low price point.

FOR SALE DETAILS

PRICE

$1,646,500 USD

PRICE/SF

$603 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MAPCO Gas Station & Convenience Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

28-11352

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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