5295 Detroit Rd Sheffield, OH 44054

Property Details for 5295 Detroit Rd

Year built

2009

Lot size

2.04 lot acres

Property size

5,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Sheffield

County

Lorain

State

Ohio

Longitude

-82.0761

Latitude

41.4272