Net-Leased Gas
26516 Lorain Rd, North Olmsted, OH 44070
For Sale
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A single-tenant convenience operation is leased through 2038, with annual rent increases and renewal options.
Property Size2,378 SF
Lot Size0.74 Acres
Price / SF$2,968
Days on Market28
Property Features for 26516 Lorain Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Traffic Count
Road Access
Automotive
Automotive Uses
Convenience Store
Fuel Brand
Tenancy & Operations
Currently Operating
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 2:49PM
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 - Atlanta
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Investment Insights
Based on property information with market context.
This 2,378-square-foot gas station and convenience retail property occupies a 0.74-acre parcel in North Olmsted. Built in 2003, it is operated under the Speedway name within the 7-Eleven platform and has one tenant. The lease runs through 12/31/2038, with approximately 12.2 years remaining, and includes five 5-year renewal options. Annual rent increases are 1.04%, with the next adjustment scheduled for 1/1/2028.
The property fronts Lorain Road, where traffic is approximately 19,650 vehicles per day. Nearby highway traffic is reported at 63,847 vehicles per day. Average household incomes exceed $130,000 within both 3- and 5-mile radii.
The property fronts Lorain Road, where traffic is approximately 19,650 vehicles per day. Nearby highway traffic is reported at 63,847 vehicles per day. Average household incomes exceed $130,000 within both 3- and 5-mile radii.
Key Highlights
- 2,378‑square‑foot building on a 0.74‑acre parcel
- Single‑tenant Speedway operation under the 7‑Eleven platform
- Lease runs through 12/31/2038, with approximately 12.2 years remaining
Property Analytics
Who owns this building?
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Current Use
Lease Details
19,650 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
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Business Placement
Demographics for 44070, OH
32,442
Population
13,953
Households
2.3
Avg Household Size
44
Median Age
33%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,773
Density / Sq Mi
$85,435
Median Household Income
$49,900
Median Earnings
$1,092
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - A single-tenant convenience operation is leased through 2038, with annual rent increases and renewal options.
Where is this gas station located?
The property is located at 26516 Lorain Rd North Olmsted, OH.
What is the asking price?
The asking price for this property is $7,058,314.
What are key features of this property?
This property features: 2,378‑square‑foot building on a 0.74‑acre parcel; Single‑tenant Speedway operation under the 7‑Eleven platform; Lease runs through 12/31/2038, with approximately 12.2 years remaining
