New Circle K Ground-Leased Gas
For Sale
Contact for pricing
1536 Vernon Odom Boulevard, Akron, OH 44320
Newly built May 2025 Circle K on 3.20 acres offers a 20-year ground lease with scheduled rent increases.
Property Size5,200 SF
Lot Size3.20 Acres
Price / SF$549.46
Days on Market194
Property Features for 1536 Vernon Odom Boulevard
General Information
Standard status
Active
Size
5,200 SF
Lot size
3.20 Acres
Property subtype
Retail
Site & Location
Neighborhood
West Akron
Building Details
Year Built
2025
Listing Agency:
CBRE - Cleveland
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 363-6453
Source:
Crexi
Added: Apr 13
Changed: Oct 15
Last Checked: Oct 20 at 5:40PM
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 CBRE - Cleveland
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Investment Insights
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CBRE is pleased to offer for sale a newly built (May 2025) 5,200-square-foot Circle K gas station situated on 3.20 acres in Akron, OH. The property is being sold subject to Circle K’s ground lease structure.
The ground lease provides for a 20-year initial term with rent increases of 7.5% every five years throughout the initial term. The lease also includes seven 5-year renewal options, with rent increases of 10% in each renewal period.
This offering is presented as a leased investment with the described long-term contractual rent escalations and renewal framework.
The ground lease provides for a 20-year initial term with rent increases of 7.5% every five years throughout the initial term. The lease also includes seven 5-year renewal options, with rent increases of 10% in each renewal period.
This offering is presented as a leased investment with the described long-term contractual rent escalations and renewal framework.
Key Highlights
- Newly built May 2025 Circle K with 5,200 SF on 3.20 acres in Akron, OH
- 20‑year ground lease term with 7.5% rent increases every 5 years during the initial term
- Includes seven 5‑year renewal options with 10% rent increases in each renewal period
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
McDonald's
Dining
19,974 visits/mo
0.3 miles
Burger King
Dining
12,919 visits/mo
0.3 miles
Circle K
Shops & Services
11,532 visits/mo
0.5 miles
Sunoco
Shops & Services
9,018 visits/mo
0.3 miles
Rally's
Dining
7,479 visits/mo
0.4 miles
Demographics for 44320, OH
19,083
Population
9,240
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
1,908
Density / Sq Mi
$40,013
Median Household Income
$33,219
Median Earnings
$915
Median Rent
$102,600
Median Home Value
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Market
Vacancy Rate% for Retail in Akron, OH
Frequently Asked Questions
What type of property is this?
Gas station - Newly built May 2025 Circle K on 3.20 acres offers a 20-year ground lease with scheduled rent increases.
Where is this gas station located?
The property is located at 1536 Vernon Odom Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $2,857,200.
What are key features of this property?
This property features: Newly built May 2025 Circle K with 5,200 SF on 3.20 acres in Akron, OH; 20‑year ground lease term with 7.5% rent increases every 5 years during the initial term; Includes seven 5‑year renewal options with 10% rent increases in each renewal period
