CLEVELAND OHIO Net-Leased Gas Station Investment

BUSINESS NOT FOR SALE SO PLEASE DO NOIT DISTURB EMPLOYEES FOR ANY REASON. CALL US FOR ADDITIONAL DETAILS: BILL MICHAILIDIS 614-332-8762 or ANASTASI MICHAILIDIS 786-886-4666

12800 Euclid Avenue | East Cleveland, Ohio 44112

Asking Price: $950,000

In-Place NOI: $66,990

Cap Rate: ~7.05%

Building Size: 2,075 SF

Price Per SF: ~$458/SF

Ownership: Fee Simple

Business: Not Included

About the Property

Offered for sale is a fee-simple, net-leased gas station real estate investment located at 12800 Euclid Avenue in East Cleveland, Ohio, along one of Greater Cleveland’s primary urban commercial corridors. This is a real-estate-only offering; the convenience store and fuel operations are not included.

The property is leased to an operating fuel and convenience store tenant under a net lease structure, providing passive, predictable cash flow without exposure to daily operations. The offering includes the land, convenience store building, canopy, and all permanently affixed fixtures.

Investment Highlights

• True Net-Lease Gas Station Investment

• ~7.05% Cap Rate at Asking Price

• $66,990 In-Place NOI

• Additional Tenant / Ancillary Income Upside

• Fee-Simple Ownership

• Bonus Depreciation Eligible

• Established Urban Infill Location

• Ideal 1031 Exchange Replacement Property

Property Details

• Building Area: 2,075 SF

• Primary Use: Convenience Store / Fuel

• Construction: Class C, fire-resistant

• Year Built: 1966 | Renovated: 2012

• Foundation: Slab

• Roof: Flat, composition

• HVAC: Forced-air heat with packaged A/C

Lease Summary (NNN-Style Structure)

• Lease Type: Net Lease

• Base Rent: $5,582.50/month ($66,990 annually)

• Lease Commencement: January 1, 2025

• Term: Initial lease term with multiple renewal options

• Rent Adjustments: Periodic increases per lease provisions

• Expense Responsibility: Tenant responsible for taxes, insurance, maintenance, and operational costs per lease

Underground Storage Tanks (USTs)

• (3) 8,000-gallon Gasoline USTs

  • Fiberglass Reinforced Plastic (FRP) construction

  • Currently in use

• Monitoring: Automatic Tank Gauging (ATG) & Electronic Line Leak Detection

Additional Income Upside

The site offers future upside through additional tenant, signage, or ancillary site-use opportunities, providing a path to enhance yield beyond the in-place NOI without assuming operational risk.

Bonus Depreciation & Tax Advantages

Bonus Depreciation Eligible

The property qualifies for accelerated (bonus) depreciation, allowing a significant portion of improvements and site components—such as fuel equipment, canopy, parking, and signage—to be depreciated on an accelerated schedule.

With a cost-segregation study, investors may front-load depreciation into early years, significantly improving after-tax cash flow.

Actual benefits vary by investor; buyers should consult their CPA or tax advisor.

Location & Demographics

Established Residential Base Along Euclid Avenue

Euclid Avenue is lined with stable single-family neighborhoods and multiple multifamily communities, providing strong residential density (“rooftops”) within close proximity. The corridor supports consistent commuter traffic and long-standing neighborhood retail demand, reinforcing the property’s durability as a fuel and convenience location.

Valuation Summary

• Asking Price: $950,000

• NOI: $66,990

• Cap Rate: ~7.05%

• Price Per SF: ~$458/SF

• Investment Profile: Passive, Net-Leased Cash Flow

Real Estate Only | Business Not Included