$2,628,000 USD
215-603-6914
4013 E Market St
Warren, OH 44484
Warren/Niles
HIGHLIGHTS
- Long-term NNN Ground Lease, ensuring completely passive investment with no landlord responsibilities or exposure to expenses
- The lease is corporately guaranteed by Sheetz, Inc., one of the fastest-growing convenience store chains in the U.S.
- State-of-the-art prototype with 24/7 drive-thru on a massive 2.31 acre site
- Located at the signalized intersection of E Market Street and North Road, which sees a combined traffic count of nearly 53,000 VPD
- The property is situated in a well-populated area, with 82,597 residents within a 5-mile radius
- Sheetz has 12+ years remaining on the base term with 7x5 year renewal options and 10% rental increases in each option period
OVERVIEW
CBRE is pleased to exclusively present for sale this 6,077 SF Sheetz property located in Warren, OH. The property is secured by a long-term, 15-year NNN Ground Lease, offering investors a completely passive income stream with no landlord responsibilities for taxes, insurance, maintenance, or repairs.
FOR SALE DETAILS
PRICE
$2,628,000 USD
PRICE/SF
$438 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Sheetz | Warren, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
6.25 AC
LAND SF
272,250 SF
ZONING
-
APN/PARCEL ID
44-006270
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215-603-6914
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215-603-6914
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