4280 W 150th St - Service Station FOR SALE


Cleveland, OH 44135- Jefferson
$6,700,000 USD
404-934-6080
4280 W 150th St, Cleveland, OH for Sale
$6,700,000 USD
Service Station - FOR SALE
1/4
null | 5.25% Cap Rate

4280 W 150th St
Cleveland, OH 44135
Jefferson


OVERVIEW

NEW CORPORATE SPEEDWAY LEASE 14+ YEARS REMAINING: Lease Commenced December 12, 2025 And Runs Through December 31, 2040; Corporate Guaranty And Absolute Net Structure With No Landlord Responsibilities 4.5 MILES FROM CLEVELAND HOPKINS 10M ANNUAL PASSENGERS: The Subject Is Approximately 4.5 Miles From Cleveland Hopkins International Airport, Which Handled 10 Million Passengers In 2025 And Ranks As Ohio’s Busiest Airport 10% RENT INCREASE IN YEAR 11 + FIVE 5-YEAR OPTIONS: Annual Base Rent Steps From $351,459.36 To $386,605.32 In January 2036, With Additional 10% Increases At The Start Of Each Five-Year Renewal Option; Options Extend Potential Occupancy Through 2065 ADJACENT MEDICAL + OFFICE DEMAND - METROHEALTH & PNC: MetroHealth’s West 150th Health And Surgery Center Is Located At 4330 West 150th Street, While The PNC Bank Operations Center At 4100 West 150th Encompasses Approximately 262,088 SF Along The Same Corridor TRUE I-71 INTERCHANGE LOCATION 50 YEAR HISTORY AT LOCATION: Speedway Is Positioned At West 150th Street And I-71 (102,540 VPD) On I-71 And 35,430 VPD On West 150th Street DENSE INFILL TRADE AREA 307,774 RESIDENTS WITHIN FIVE MILES: 2025 Estimates Show 110,176 Residents Within Three Miles And 307,774 Within Five Miles, Supported By A Five-Mile Daytime Population Of 136,175 And Average Household Income Of $84,201

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$1,892 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Speedway(7-Eleven Guaranty) New 15-Year Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

RO

APN/PARCEL ID

027-25-001

ASK ABOUT THIS PROPERTY

Whitney CrowleyMarcus & MillichapMore Info
404-934-6080

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Whitney CrowleyMarcus & MillichapMore Info
404-934-6080

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