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TBD Eureka Rd
Taylor, MI 48180
Sheetz · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN ground lease to Sheetz, a leading convenience store and fuel chain with over 800 locations across seven states.
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
- Sheetz is targeting a milestone of 1,000 store locations by 2028
- 5% rental increases every five (5) years in initial term and 10% rental increases every five (5) years in each option period.
- Sheetz reported estimated annual revenue of approximately $14 billion in 2024, securing the #30 spot on Forbes’ “America’s Largest Private Companies”
- In the Columbus/Central Ohio region, Sheetz is projected to open 50+ new stores by end of 2025, with over 40 already operational early in the year
EXECUTIVE SUMMARY
High-visibility location along Eureka Road (30,761 AADT), with multiple entry/exit points allowing for maximum accessibility. Sheetz reported estimated annual revenue of approximately $14 billion in 2024, securing the #30 spot on Forbes’ “America’s Largest Private Companies” list. The five-mile radius serves a populous region of 222,286, with an average annual household income of $88,099. Surrounded by a strong mix of local and national retailers, including The Home Depot, Target, Best Buy, BJ’s Wholesale Club, Menards, and many more. Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Sheetz and Taylor for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Service Station
Building Size
6,139 SF
Building Class
C
Year Built
2025
Price
$4,528,000
Price Per SF
$737.58
Cap Rate
5.50%
NOI
$249,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.99 AC
Parking
36 Spaces (5.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 60-093-99-0009-700 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,200 |
PROPERTY TAXES
Parcel Number
60-093-99-0009-700
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$304,200
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