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Sheetz
Asset ClassRetail
Brand New 15.5-YR NNN Ground Lease │ Large 1.6 AC Site at Signalized Corner │ Rent Increases
overview of deal

Overview

  • Asking Price: $2,430,000
  • Cap Rate: 5.35%
  • Annual Rent: $130,000
  • Acreage: ±1.64 AC
  • Lease Type: NNN Ground
  • Year Built: 2025
  • Lease Term: 15.5 Years
  • Options: Seven (7) 5-year options
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Investment Highlights

BRAND NEW 15-YEAR NNN GROUND LEASE

This offering features a new 15.5-year NNN ground lease with Sheetz, Inc., one of the largest and most successful privately held convenience store chains in the United States.

RAPIDLY EXPANDING CONVENIENCE STORE CHAIN

Sheetz, Inc. is a family-owned and operated convenience store and fuel retailer headquartered in Altoona, Pennsylvania. With ±800 locations, Sheetz has evolved into one of the most recognized and respected brands in the convenience retail industry. The company’s no-franchise model ensures consistent quality, service, and branding across its entire footprint.

STRUCTURED RENT GROWTH

This lease provides investors with strong, built-in income growth through two scheduled rent increases during the initial term and additional increases in each of the seven renewal options. These structured escalations enhance long-term yield stability and offer a natural hedge against inflation, ensuring consistent value appreciation over the life of the investment.

TOP RANKED TOLEDO SUBURB

Located in Sylvania, Ohio—one of the most sought-after suburbs in the Toledo MSA—this site benefits from exceptional regional connectivity, a highly rated school district, and a strong overall quality-of-life profile. Positioned just off US-23, which sees more than 66,000 vehicles per day, the property offers outstanding visibility and accessibility. Its location between the community’s junior high and high school further enhances daily traffic flow and long-term desirability.

LARGE HARD CORNER SITE WITH SIGNALIZED ACCESS

Sheetz is strategically positioned at the signalized intersection of W. Sylvania Avenue and N. McCord Road—one of Sylvania’s primary north-south corridors and a vital connector to surrounding communities. The expansive, well-configured, ±1.6 AC parcel offers investors long-term flexibility and strong site fundamentals. With exceptional traffic flow, visibility, and accessibility, the location ensures consistent customer exposure and sustained performance in this high-traffic corridor.

ZERO LANDLORD OBLIGATIONS

This is a NNN ground lease, offering zero management responsibilities for the landlord. Its structure makes it an ideal investment for passive investors seeking stable, hassle-free income.

LIMITED COMPETITION

As one of only two convenience stores within a 1-mile radius, this Sheetz enjoys a competitive advantage, capitalizing on the absence of nearby alternatives to attract a steady flow of customers seeking fuel, food, and other essentials.

ATTRACTIVE MARKET DEMOGRAPHICS

The property is supported by highly favorable demographics, with a population of nearly 130,000 residents and more than 56,000 households within a five-mile radius. The area also boasts an average household income exceeding $132,000 within three miles, underscoring the strong spending power and economic stability of the surrounding community.

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3955 N McCord RdSylvania, OH 43560
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Listing provided by Revere CRE