Convenience Store and Gas
For Sale
$1,646,500
3634 Massillon Rd, Uniontown, OH 44685
Single-tenant absolute NNN leased MAPCO c-store with four MFDs on a 1-acre parcel.
Property Size2,729 SF
Lot Size1.00 Acre
Price / SF$603.33
Days on Market47
Property Features for 3634 Massillon Rd
General Information
Standard status
Active
Size
2,729 SF
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
93,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
Los Angeles - Orange County
Listed By:
Jereme Snyder · License #01360233
(949) 724-5552
Source:
Colliers
Added: Jul 18
Changed: Aug 24
Last Checked: Sep 1 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles - Orange County
Investment Insights
Based on property information with market context.
This single-tenant MAPCO convenience store and gas station is an absolute NNN lease offering. The property has been in operation since 1994 and includes a 2,729 SF c-store with four MFDs on a 1-acre parcel. The lease structure includes a guaranteed tenant arrangement with Majors Management LLC, along with unconditional guaranties and rent increases every five years, with over 9.5 years remaining in the primary term and three additional five-year option periods.
The site is located on a hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is positioned at the on ramp and off ramp of Interstate 77. The property sits in front of a 90,000 SF Giant Eagle Market District grocery store, with reported traffic of over 93,300 VPD on I-77. Nearby retailers include ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, and multiple quick-service and national retailers.
Offered for sale at a 1-tenant absolute NNN structure, the asset is positioned for long-term leasehold performance with ongoing rent step-ups through the primary term and option periods.
The site is located on a hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is positioned at the on ramp and off ramp of Interstate 77. The property sits in front of a 90,000 SF Giant Eagle Market District grocery store, with reported traffic of over 93,300 VPD on I-77. Nearby retailers include ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, and multiple quick-service and national retailers.
Offered for sale at a 1-tenant absolute NNN structure, the asset is positioned for long-term leasehold performance with ongoing rent step-ups through the primary term and option periods.
Key Highlights
- Single‑tenant absolute NNN MAPCO convenience store and gas station leased property
- 2,729 SF c‑store with four MFDs on a 1‑acre parcel
- Located on a hard‑corner signalized intersection of Massillion Road and Sandy Knoll Drive
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,520
$997.5K
Cap Rate 7%
$712,514
$712.5K
Cap Rate 9%
$554,178
$554.2K
Market Conditions
NOI Build-Up for 2,729 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.7K $27.00/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$71.3K $26.11/SF
− OpEx
−$21.4K −$7.83/SF
NOI
$49.9K $18.28/SF
Area
Stark County, OH
Vacancy
3.30%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,520
Cap Rate 7%
$712,514
Cap Rate 9%
$554,178
Alternative Uses
Best Use
Retail
$712.5K
$623.5K – $831.3K
NOI $49,876 @ 7.0% cap · market cap 3.03%
Second Best
Specialty Retail
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 1.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
93,300 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
280k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 29%
Shops & Services 28%
Beauty & Spa 2%
Market District Supermarket
Groceries
52,173 visits/mo
0.1 miles
Acme Fresh Market
Groceries
29,844 visits/mo
0.5 miles
McDonald's
Dining
29,633 visits/mo
0.1 miles
Circle K
Shops & Services
21,694 visits/mo
0.1 miles
GetGo Gas Station
Shops & Services
18,941 visits/mo
0.2 miles
Demographics for 44685, OH
29,008
Population
11,422
Households
2.5
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
1,133
Density / Sq Mi
$100,094
Median Household Income
$56,884
Median Earnings
$1,346
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Single-tenant absolute NNN leased MAPCO c-store with four MFDs on a 1-acre parcel.
Where is this gas station located?
The property is located at 3634 Massillon Rd Uniontown, OH.
What is the asking price?
The asking price for this property is $1,646,500.
What are key features of this property?
This property features: Single‑tenant absolute NNN MAPCO convenience store and gas station leased property; 2,729 SF c‑store with four MFDs on a 1‑acre parcel; Located on a hard‑corner signalized intersection of Massillion Road and Sandy Knoll Drive
