Sheetz Ground Lease | Cleveland MSA
RARE LOW RENT | Corporate Sheetz Abs NNN Ground Lease
Marketing description
» 15-year absolute NNN ground lease to Sheetz, a leading convenience store and fuel chain with over 800 locations nationwide.
» Rare low-rent Sheetz ground lease available well below replacement cost.
» 5% rental increases every five (5) years in initial term and 10% rental increases every five (5) years in each option period, ensuring consistent income growth.
» Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
» A large 2.03-acre parcel offers ample parking and easy ingress/egress, catering to high-traffic convenience store operations.
» A 4,096-SF standalone C-store, 100-ft pylon sign on I-90, and six (6) canopied fuel pumps attracts additional patrons, enhancing the property’s revenue potential and customer draw.
» Sheetz reported estimated annual revenue of approximately $11 billion in 2025, securing the #43 spot on Forbes’ “America’s Largest Private Companies” list.
» Sheetz is expected to open 30–40 new locations nationwide in 2026, with a continued focus on the Midwest and Southeast as it builds density in newer markets like Ohio, Michigan, and North Carolina.
Investment highlights
» Prime Retail Location: High visibility location directly off I-90 (92,336 AADT) at the signalized four way intersection of Maplegrove Road & SOM Center Road (combined 40,000+ AADT), with multiple entry/exit points allowing for maximum accessibility.
» Rare Low Rent: This Sheetz features well below market rent and price point, available below replacement cost.
» Reliable Tenancy: Sheetz reported estimated annual revenue of approximately $11 billion in 2025, securing the #43 spot on Forbes’ “America’s Largest Private Companies” list.
» Strong Demographic Base: The five-mile radius serves a populous region of 126,976, with an average annual household income of $95,514.
» Beneficial Proximity to Major Employers: This Sheetz is located within five miles of major employers such as UH Lake West Medical Center (2,500+ system-wide employees), Lincoln Electric Company (12,000 employees), Amazon (2,000 employees), and Progressive Insurance (8,000 employees).
» Major Traffic Drivers: Surrounded by a strong mix of local and national retailers that drive the region’s economic activity, including Cracker Barrel Old Country Store, Texas Roadhouse, CVS, Bob Evans, Starbucks, Wendy’s, and many more.
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