Sheetz | 15 Yr Ground Lease | Strong Business Area | Affluent Population

Highlights:

• 15 YEAR ABS NNN LEASE TO BLUE-CHIP FUEL/CONVENIENCE TENANT
• EXTREMELY AFFLUENT WITH $178K INCOMES
• OVER 900 BUSINESSES NEARBY AND STRONG RETAIL MARKET

Description:

Foretell Capital Partners, in cooperation with Hanna Commercial Real Estate, a licensed Ohio broker, is pleased to present a new construction Sheetz located at 29500 Aurora Road in Solon, Ohio. The offering features a new 15-year Absolute NNN ground lease, with rental increases of 5% every 5 years in the base term and 10% in the option periods. Solon is a city in Cuyahoga County, Ohio, just 12 miles southeast of Downtown Cleveland. Sheetz selected an enormous 3.57-acre parcel, at a signalized corner, in a dominant business/manufacturing area, near the freeway and another large retail trade area. There are 110,000 residents in a five-mile radius and the average household income is an astounding $178,000 in 1 mile. The intersection also boasts nearly 40,000 vehicles per day in front of the site. The asset’s strong fundamental real estate, combined with a new 15-year Absolute NNN ground lease to a bluechip gas/convenience store tenant, make it an excellent net lease investment opportunity.


15 YEAR ABSOLUTE NNN GROUND LEASE TO BLUE-CHIP FUEL/CONVENIENCE TENANT | RARE BASE TERM RENTAL INCREASES
• Sheetz’s signed a new 15-year absolute NNN ground lease with 5% rental increases every 5 years in the base term and 10% increases every 5 years during the option periods.
• Strong Corporate Fuel Tenant with a diversified customer base, providing resilient cash flow to investors.
• Sheetz is one of the leading gas/convenience stores in the eastern half of the US, with 770 locations and $14 billion (2024) in annual revenue.

STRONG BUSINESS AND RETAIL MARKET
• Sheetz is positioned in the middle of an affluent east side of Cleveland market that serves as the gateway to tens of thousands of employees commuting to and from work daily.
• The site is amongst a huge cluster of industrial and manufacturing businesses such as Stouffer’s (Nestle USA) primary manufacturing facility, Swagelok ($2B Revenue), Cleveland Clinic and hundreds of other businesses.
• Less than a mile east of the site is a large retail cluster with shopping, restaurants, car dealerships and entertainment. Hobby Lobby, Giant Eagle Market District, Aldi, Tractor Supply, University Hospitals, Land Rover & BMW are a few of the prominent operators in the area.

SIGNALIZED CORNER JUST OFF US HIGHWAY EXIT
• Sheetz is positioned to be the first easily accessible fuel and food option less than ½ mile south of US HWY 422’s exit, allowing for a flood of customers.
• Property is located at a traffic signal at Aurora Road & Cochran with 40,000 VPDs in front of the site, visible to traffic going in all directions.
• Highly visible parcel with 630’ of frontage combined on both streets, allowing for a prominent position with no full-service fuel competition.

AFFLUENT CAPTIVE CUSTOMER BASE
• 110,000 people within 5 miles and AVG HH incomes of $178,000 within 1 mile
• Over 900 business are located in Solon
• Cleveland MSA is home to 10 Fortune 500 companies (2025)

NEW CONSTRUCTION ON HUGE 3.57 ACRE PARCEL
• 2025 new construction built to Sheetz’s latest concept with a drive-thru
• Single-tenant 5,104 SF retail building on a large 3.57-acre parcel
• Parcel size allows for generational investment with many options to retain long term value.

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