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    5295 Detroit Rd Sheffield, OH 44054

    Sponsored
    For Sale
    $4,661,217

    Ohio Convenience Store - Strong ROI

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple, triple-net-leased Sheetz convenience store in Sheffield, Ohio. Located at 5295 Detroit Rd, 44054, this 5,000 square foot property sits on a 2.04-acre lot and benefits from high visibility along a busy retail corridor with easy access to Interstate 90. Built in 2009, the property boasts a strong financial performance, with a current asking price of $4,661,217, a cap rate of 5.75%, and a net operating income (NOI) of $268,020. The lease is an absolute NNN (Triple Net) with Sheetz as the single tenant, providing a stable and predictable income stream. The current lease term extends until September 30, 2029, representing approximately 4.9 years of remaining lease term. Sheetz recently exercised their renewal option, demonstrating confidence in the location's performance. The property's price per square foot is $932.24, reflecting its prime location and strong tenant. This is a rare opportunity to acquire a high-performing, established convenience store investment in a desirable Ohio market. The property's location within a dense retail area and its proximity to a major interstate highway ensure consistent customer traffic and strong long-term potential. This is an ideal investment for those seeking a stable, high-yield asset with a proven track record.

    Property Features for 5295 Detroit Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Lot Size
    88,862 SF

    Building Details

    Year Built
    2009

    HighLights

    • $4,661,217 asking price for a Sheetz convenience store in Sheffield, OH.
    • 5,000 SF retail building on a 2.04‑acre lot.
    • Absolute NNN lease with Sheetz, expiring 9/30/2029 (4.9 years remaining).
    • $268,020 NOI, resulting in a 5.75% cap rate.
    • $932.24 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0761175
    Latitude
    41.4272191

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - Ohio Convenience Store - Strong ROI
    Where is this individual retail property located?
    The property is located at 5295 Detroit Rd Sheffield, OH.
    What is the asking price?
    The asking price for this property is $4,661,217.
    What are key features of this property?
    This property features: $4,661,217 asking price for a Sheetz convenience store in Sheffield, OH.; 5,000 SF retail building on a 2.04-acre lot.; Absolute NNN lease with Sheetz, expiring 9/30/2029 (4.9 years remaining).
    Request Owner's contact information
    5295 Detroit Rd Sheffield, OH 44054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5295 Detroit Rd Sheffield, OH 44054
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