6054 W Central Ave - Service Station FOR SALE


Toledo, OH 43615- Reynolds Corners
$5,546,000 USD
415-413-3005
6054 W Central Ave, Toledo, OH for Sale
$5,546,000 USD
Service Station - FOR SALE
1/6
null | 5.5% Cap Rate

6054 W Central Ave
Toledo, OH 43615
Reynolds Corners


HIGHLIGHTS

  • Sheetz, Inc. assumes all responsibilities for taxes, insurance, and maintenance, including roof, structure, and parking
  • 5-year primary lease term with 5% rental escalations every five years, followed by 10% increases in each of the four five-year renewal options
  • Backed by Sheetz, a leading convenience store and fuel chain with over 700 locations across six states
  • Sheetz is consistently ranked among the top convenience store chains in the U.S

OVERVIEW

Located just off I-475 at West Central Avenue, the 6,139 SF Sheetz is optimized for maximum visibility and traffic. The property is part of a thriving retail corridor, with over 93,000 vehicles passing daily on I-475 and 32,340 AADT on West Central Avenue. Investors benefit from a passive income stream, with Sheetz, Inc. handling all property responsibilities, including taxes, insurance, and maintenance. The 15-year lease term features 5% rental increases every five years, plus 10% escalations in the renewal options, providing consistent NOI growth. Located within a 2.49-acre parcel in a high-demand area, supported by a growing population and household incomes exceeding $99,000 within one mile. Sheetz is a leading convenience store operator with a strong presence and proven ability to generate high sales volumes, making it a secure investment tenant. Situated in Toledo’s primary retail and commercial zone, the property benefits from sustained local economic growth and retail demand.

FOR SALE DETAILS

PRICE

$5,546,000 USD

PRICE/SF

$903 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,464 SF

ZONING

20-C2

APN/PARCEL ID

78-46831

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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