Take 5 Oil Change | Corporate Abs. NNN GL
Avondale, AZ
Sheetz | New Construction Ground Lease
1950 S. Reynolds Road, Toledo, OH 43614
Price: $3,650,000
Status: Available
Cap Rate: 5.48%
Year Built: 2025
NOI: $200,000
Lot Size: 1.50 acres
Price Per Foot: $595
Lease Type: Abs. Triple-Net Ground (NNN)
Remaining Term: 15
GLA: 6,132 sqft
Property Intro
Lee & Associates National Investment Services Group (“NISG”) & the NNN Investment group are pleased to offer the opportunity to purchase a new construction Sheetz ground lease located at 1950. Reynolds Road, Toledo, OH 43614 (the “Property”). Sheetz entered into a 15-Year Absolute NNN Ground Lease with seven (7), 5-year renewal options with an upcoming lease commencement date in August of 2025.
This High-quality investment opportunity consists of a 1.5-acre site outparcel to Toledo’s Amazon distribution hub. Additionally, the site benefits from a signalized intersection and 26,000 + VPD.
This High-quality investment opportunity consists of a 1.5-acre site outparcel to Toledo’s Amazon distribution hub. Additionally, the site benefits from a signalized intersection and 26,000 + VPD.
investment highlights
- NEW CONSTRUCTION GROUND LEASE: This is a new construction Sheetz; the store is set to open in August 2025. Sheetz has a new 15-year Absolute NNN Ground Lease with seven (7), 5-year renewal options each with 10% rent increases.
- ZERO LANDLORD RESPONSIBILITIES: The Sheetz ground lease requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, and repairs, making it an attractive investment for the passive real estate investor.
- CORPORATE GUARANTEE: This Sheetz lease is corporately guaranteed by Sheetz, Inc., one of America’s fastest-growing convenience store chains with over 700 locations throughout Pennsylvania, North Carolina, Virginia, West Virginia, Ohio, and Maryland, with plans to expand into Michigan. Sheetz reported revenues exceeding $14 billion in 2023 and is ranked 27th on Forbes’ list of largest private companies.
- Irreplaceable Real Estate being outparcel to Amazon distribution center on a signalized site.
listing agents
related listings
VIEW MORE LISTINGS
7-Eleven | Brand New Construction
Stockton, CA
CVS | Long-Term Absolute NNN Lease
Jackson, MS