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31659717
31659718

495 Crescent Cir, Gahanna, OH 43230

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
$3,458,000
28 days on market
Updated 28 days ago

Sheetz (Gahanna)

Details
APN 025-014182
Property Type Retail
Sub Type Convenience Store
Square Footage 6,139
Pumps 12
Cap Rate 5.35%
NOI $185,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Sheetz
Lease Type NNN
Lease Term 15
Rent Bumps Yes
Lease Options Seven (7) 5-year options
Price per SqFt $563
Broker Co-Op Yes
Year Built 2025
Buildings 1
Acreage 2.940
Lease Commencement 09/30/2025
Ground Lease Yes

New 15-YR NNN Ground Lease │Rent Increases Every 5 Years │Strong Daytime Demand

Investment highlights

BRAND NEW 15-YEAR NNN GROUND LEASE

This offering features a new 15-year NNN ground lease with Sheetz, Inc., one of the largest and most successful privately held convenience store chains in the United States.

BUILT-IN RENT GROWTH

The lease features scheduled rental escalations, including 5% increases in years 6 and 11, and 10% increases across all seven renewal options, delivering consistent income growth over the life of the investment.

HANDS-OFF INVESTMENT

Structured as a NNN ground lease, this offering delivers truly passive ownership with no landlord management obligations, providing investors with stable, predictable cash flow and long-term peace of mind.

SIGNIFICANT DEVELOPMENT MOMENTUM

Tech Center Drive has experienced significant recent development activity, highlighting the area’s strong growth momentum. In addition to the new Sheetz location and the recently delivered 294+ unit Crescent Woods apartment community, the 112-acre Crescent at Central Park development has multiple future phases planned, featuring a mix of office, retail, and residential uses.

STRONG DAYTIME DEMAND

Strategically located adjacent to John Glenn Columbus International Airport, the Airport Golf Course, Defense Supply Center Columbus with 8,600 employees, and just one mile from Gahanna Lincoln High School—which serves more than 2,400 students—the site benefits from substantial daytime activity and consistent consumer traffic.

UNDERSERVED TRADE AREA

This Sheetz location will be one of only two convenience stores within a one-mile radius and just one of two Sheetz sites within three miles. Positioned as the closest convenience store to the I-270 & Hamilton Road interchange, the site benefits from exceptional visibility and a strong, consistent traffic flow.

COMPELLING MARKET DEMOGRAPHICS

The trade area is supported by compelling demographic fundamentals, featuring a population of more than 247,380 residents and 101,100 households within a five-mile radius. The market is further strengthened by a thriving employment base of over 9,390 businesses, generating strong daytime traffic alongside consistent 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
$185,000.00
$15,416.67/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
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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