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Sheetz 29500 Aurora Rd 5,062 SF 4-Star Retail Building Solon, OH 44139 $5,793,580 ($1,144.52/SF) 5.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 2025 construction with modern Sheetz prototype
- Positioned on Aurora Road with 40,000+ daily vehicles
- $164K+ average household income within one mile
- 15-year absolute NNN lease with zero landlord duties
- Dense trade area with 111K+ residents within 5 miles
- Corporate-guaranteed lease from national operator Sheetz
EXECUTIVE SUMMARY
Northmarq presents a rare opportunity to acquire a newly constructed Sheetz convenience store and fueling station in Solon, Ohio—one of the most affluent suburbs in the Cleveland MSA. Completed in July 2025, this 5,062 SF asset sits on a 3.57-acre parcel and is secured by a 15-year absolute NNN ground lease with Sheetz, Inc., a nationally recognized operator with over 770 locations. The lease structure offers investors a passive income stream with zero landlord responsibilities and scheduled rent escalations every five years.
Strategically located along Aurora Road, a high-traffic corridor with over 40,000 vehicles per day, the property enjoys exceptional visibility and accessibility. It is less than half a mile from US Highway 422, positioning it as the first accessible fuel and food option for commuters. The surrounding trade area boasts over 111,000 residents within a 5-mile radius and an average household income exceeding $164,000 within one mile, underscoring the site’s strong consumer base.
Solon’s limited development pipeline and high barriers to entry further enhance the long-term stability of this investment. The city is home to major employers like Nestlé and Swagelok, and benefits from proximity to Cleveland’s world-class institutions and infrastructure. With its modern design, full fueling station layout, and corporate-guaranteed lease, this Sheetz location represents a premier net lease investment in a high-demand market.
Strategically located along Aurora Road, a high-traffic corridor with over 40,000 vehicles per day, the property enjoys exceptional visibility and accessibility. It is less than half a mile from US Highway 422, positioning it as the first accessible fuel and food option for commuters. The surrounding trade area boasts over 111,000 residents within a 5-mile radius and an average household income exceeding $164,000 within one mile, underscoring the site’s strong consumer base.
Solon’s limited development pipeline and high barriers to entry further enhance the long-term stability of this investment. The city is home to major employers like Nestlé and Swagelok, and benefits from proximity to Cleveland’s world-class institutions and infrastructure. With its modern design, full fueling station layout, and corporate-guaranteed lease, this Sheetz location represents a premier net lease investment in a high-demand market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,062 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,793,580
Price Per SF
$1,144.52
Cap Rate
5.45%
NOI
$315,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.57 AC
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Sheetz | 29500 Aurora Rd
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