Sheetz NNN Ground Lease
For Sale
Contact for pricing
Pending
4702 Lincoln St E, Canton, OH 44707
15-year NNN ground lease with Sheetz on 11.01-acre parcel.
Property Size6,139 SF
Lot Size11.01 Acres
Days on Market148
Property Features for 4702 Lincoln St E
General Information
Standard status
Pending
Size
6,139 SF
Class
A
Lot size
11.01 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$116,250
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Foretell Capital Partners
(216) 861-5290
Listed By:
Wes Koontz · License #FL BK3517518
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 26 at 10:58AM
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 Foretell Capital Partners
Investment Insights
Based on property information with market context.
This property presents a rare investment opportunity in Canton, Ohio, featuring a 15-year absolute NNN ground lease with Sheetz, a fuel and convenience tenant. The property includes a 6,139 square foot building situated on an 11.01-acre parcel. Located on the signalized corner of US-30, the site benefits from a daily traffic flow of 32,100 vehicles. The property generates a net operating income (NOI) of $116,250 with a 5.25% cap rate, offering income growth through scheduled rent increases. The large parcel provides long-term value and potential for future redevelopment or expansion. Sheetz, with over 700 locations and $14 billion in annual revenue, ensures stable cash flow. This property is suited for those seeking a secure and high-performing commercial investment.
Key Highlights
- 15‑year absolute NNN ground lease with Sheetz
- Large 11.01‑acre parcel, one of the largest Sheetz sites nationwide
- Strong NOI of $116,250 and a 5.25% cap rate with scheduled rent increases
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
$112,198
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
5.07%
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%
$2,243,960
$2.2M
Cap Rate 7%
$1,602,829
$1.6M
Cap Rate 9%
$1,246,644
$1.2M
Market Conditions
NOI Build-Up for 6,139 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
$165.8K $27.00/SF
− Vacancy
−$5.5K −$0.89/SF
EGI
$160.3K $26.11/SF
− OpEx
−$48.1K −$7.83/SF
NOI
$112.2K $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%
$2,243,960
Cap Rate 7%
$1,602,829
Cap Rate 9%
$1,246,644
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,198 @ 7.0% cap · market cap 5.07%
Second Best
Specialty Retail
$954.1K
$834.8K – $1.11M
NOI $66,785 @ 7.0% cap · market cap 3.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44707, OH
9,163
Population
4,209
Households
2.2
Avg Household Size
36
Median Age
7%
College-Educated
81%
High-School Grad
15.3 sq mi
ZIP Area
599
Density / Sq Mi
$38,983
Median Household Income
$31,111
Median Earnings
$704
Median Rent
$106,900
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?
Grocery and convenience store - 15-year NNN ground lease with Sheetz on 11.01-acre parcel.
Where is this grocery and convenience store located?
The property is located at 4702 Lincoln St E Canton, OH.
What is the asking price?
The asking price for this property is $2,215,000.
What are key features of this property?
This property features: 15‑year absolute NNN ground lease with Sheetz; Large 11.01‑acre parcel, one of the largest Sheetz sites nationwide; Strong NOI of $116,250 and a 5.25% cap rate with scheduled rent increases
