5053-5057 Tuscarawas St W
Canton, OH 44708
Sheetz · Retail Property For Sale

CBRE is pleased to exclusively present for sale this Sheetz property located on 2.38 acres in Canton, OH. This is a NNN lease with no landlord responsibilities or expenses. Sheetz has been operating at this location since 2002 and recently extended its lease 5 years with a 10% rental increase, showing a strong recommitment to a successful location. There are also three, five year option periods remaining with 10% rental increases. Sheetz occupies 4,700 square feet at this location, with two vacant retail spaces directly adjacent to Sheetz with no value attributed in pricing. This rare, fee-simple, build-to-suit gas station convenience store qualifies for 15-year accelerated depreciation, boosting after-tax returns. This Sheetz property features all brick construction buildings including a drive-thru carwash on a large 2.38 acre parcel, allowing for numerous future redevelopment options if necessary. Sheetz has excellent visibility and easy access from the signalized intersection of Tuscarawas St & Perry Dr with combined traffic counts over 39,000 V.P.D. Tuscarawas is a main retail corridor with surrounding retailers including Walmart, ALDI, Walgreens, Chipotle, Dollar General, Wendy's, Taco Bell, and McDonald's to name a few. The area also boasts excellent demographics with over 7,500 people within 1 mile, over 59,000 people within 3 miles and over 147,00 people within 5 miles. Canton Ohio is home to the National Football League’s Hall of Fame, a tourist destination for over 200,000 visitors annually.