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28939322
28939323

4840 Needmore Rd, Dayton, OH 45424

SM
OH BRKP.2022006218
State Street Capital Realty / Casto
AB
OH OH SAL.2023000201
State Street Capital Realty / Casto
AK
OH SAL.2024004850
CASTO / State Street Capital Realty
Listed by State Street Capital Realty / Casto, CASTO / State Street Capital Realty
$4,460,000
131 days on market
Updated 49 days ago

Sheetz

Details
APN R72217303 0073
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,139
Units 1
Cap Rate 5.55%
NOI $247,500
Occupancy 100%
Tenancy Single
Brand/Tenant Sheetz
Lease Type NNN
Lease Term 15
Rent Bumps Yes
Lease Options Seven (7) 5-year options
Price per SqFt $727
Broker Co-Op Yes
Year Built 2025
Buildings 1
Acreage 2.830
Ground Lease Yes

New 15.5-YR NNN Ground Lease │Rare 10% Increases Throughout Initial Term │Signalized Intersection

Investment highlights

BRAND NEW 15.5-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., headquartered in Altoona, PA, has grown from a single store into a dynamic convenience store and fuel retailer with ±800 locations across six states. As a family-owned and operated business, Sheetz has built a reputation as one of the most recognized and respected brands in the convenience retail industry. Its no-franchise model ensures consistent quality, customer experience, and brand integrity across its entire network. With a forward-looking growth strategy, Sheetz continues to rapidly expand its footprint, targeting high-demand corridors in both existing and new markets.

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.

SIGNALIZED INTERSECTION
Positioned at a signalized intersection and along a heavily traveled corridor with strong visibility and easy access, this site is well-situated to serve as the go-to convenience and fuel destination in the immediate market.

RARE 10% RENT INCREASES
This lease offers a compelling opportunity for investors with a 15.5-year term and rare 10% rent increases every 5 years and in each of the seven renewal options. These contractual rent escalations deliver predictable income growth over the lease term while serving as a built-in hedge against inflation, enhancing long-term investor returns.

MINUTES FROM THE LARGEST SINGLE-SITE EMPLOYER IN OHIO
Sheetz is located just minutes from Wright-Patterson Air Force Base, the largest single-site employer in the state of Ohio, and one of the largest and most strategically significant Air Force bases in the country. Wright-Patterson employs approximately 38,000 people and contributes more than $16B annually to the Ohio economy.

LIMITED COMPETITION
The Needmore Rd. Sheetz will be the only Sheetz located within a 3-mile radius, creating a highly strategic trade area position with no direct brand competition nearby.

STRONG GROWTH & DEMAND DRIVERS
The trade area is supported by a robust demographic profile, with a population of more than 145,000 residents and 60,900 households within a 5-mile radius. In addition, the market is anchored by a thriving business community of over 5,000 companies, driving both daytime and residential demand.

Listing Contacts

SM
OH BRKP.2022006218
State Street Capital Realty / Casto
AB
OH OH SAL.2023000201
State Street Capital Realty / Casto
AK
OH SAL.2024004850
CASTO / State Street Capital Realty
Listed by State Street Capital Realty / Casto, CASTO / State Street Capital Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,500.00
$20,625.00/mo

Valuation Metrics

0
DSCR
5.55%
Cap Rate
5.55%
ROI

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Additional Information

Name
Stephanie May-Beaumier
License
BRKP.2022006218
Name
Andy Bell
License
OH SAL.2023000201
Brokerage Phone
6147442074
Title
Real Estate Salesperson
Name
Alex Krikorian
License
SAL.2024004850
Brokerage
State Street Capital Realty
Brokerage Address
250 South Civic Center Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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