Overview

Description

Foresite Capital Partners, in cooperation with Hanna Commercial Real Estate, a licensed Ohio broker, is pleased to present a new construction Sheetz located at 6020 North Ridge Road in Madison, Ohio. The subject offering features a new 15-year Absolute NNN Ground lease, with 10% rental increases every 5 years during the option periods. Madison, Ohio is a charming town located approximately 35 miles northeast of downtown Cleveland. The property is located on an oversized 3.28-acre parcel, with ~600’ of frontage, providing excellent visibility and access. The site is positioned in a strong retail corridor across from a top performing Walmart Supercenter. The surrounding area is home to 35,000 residents in a seven-mile radius that have an average household income of $84,000. The asset’s strong fundamental real estate, combined with a new 15-year extremely low rent ground lease to a blue-chip gas/convenience store tenant, make it an excellent net lease investment opportunity.

Highlights

• 15 YEAR ABSOLUTE NNN GROUND LEASE | EXCELLENT CREDIT
• OPEN & PAYING RENT | PREMIER FUEL STATION IN MARKET WITH QSR DRIVE-THRU
• SIGNALIZED HARD CORNER IN FRONT OF WALMART SUPERCENTER
• TOURIST AREA | OHIO’S WINE COUNTRY | LOW COST OF LIVING
• NEW CONSTRUCTION | EXCELLENT FRONTAGE, VISIBILITY & ACCESS
• PURCHASE PRICE COMPARABLE TO LAND VALUE OF SURROUNDING PARCELS

Documents

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