Published on: Monday, April 28, 2025
Updated on: Monday, April 28, 2025
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Sheetz | New Construction Ground Lease
1950 S. Reynolds Road Toledo Ohio , 43614
1950 S. Reynolds Road Toledo Ohio , 43614  NNN Investment Group
Listing ID: CL-Ohio-14902

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.48
Net Operating Income: $200,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Ohio-14902
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2025
Building Size: 6,132.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: Yes
Building Status: Existing
Listing Summary
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.
Complete Details
Year Build: 2025
Building Size: 6,132 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: Yes
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
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.
 
 
Additional Properties
Property 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
  • Irreplaceable Real Estate being outparcel to Amazon distribution center on a signalized site.
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