1150 Clinic Dr - Retail FOR SALE


Maumee, OH 43537
$2,400,000 USD
415-413-3005
1150 Clinic Dr, Maumee, OH for Sale
$2,400,000 USD
Retail - FOR SALE
1/6
null | 5% Cap Rate

1150 Clinic Dr
Maumee, OH 43537


HIGHLIGHTS

  • 15-year absolute NNN ground lease requires no landlord management, ideal for an out-of-area investor
  • 5% rental increases every five (5) years in initial term and 10% rental increases every five (5) years in option periods
  • Sheetz is one of the largest privately owned chains of convenience stores in the U.S. with over 700 locations
  • Sheetz is investing significant capital into the construction, providing a safe investment for passive investors

OVERVIEW

The 6,132 SF Sheetz is situated on 2.27 acres, offering seamless access to I-475 (80,784 AADT). Absolute NNN ground lease with Sheetz assuming all property responsibilities, providing a worry-free investment opportunity. 15-year initial term with rental escalations of 5% every five years, and 10% in options, supporting long-term NOI growth. Located in a thriving area of Maumee with ongoing residential developments and a robust local economy supported by key sectors like healthcare, manufacturing, and logistics. The site benefits from proximity to major employers such as Dana Incorporated and Johns Manville, driving consistent consumer activity. Sheetz, Inc., a proven operator with over 700 stores, is recognized for innovation and customer loyalty, ensuring robust store performance. The property’s location in an evolving retail and healthcare corridor positions it for sustained appreciation and tenant stability.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$391 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,954 SF

ZONING

-

APN/PARCEL ID

36-05595

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.