6633 Dorr St | Toledo, OH 43615
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6633 Dorr St
Toledo, OH 43615
Sheetz · Retail Property For Sale
Investment Highlights
- 15-year absolute NNN ground lease requires no landlord management, ideal for an out-of-area investor
- Sheetz is one of the largest privately owned chains of convenience stores in the U.S. with over 700 locations
- 5% rental increases every five (5) years in initial term and 10% rental increases every five (5) years in option periods
- Sheetz is investing significant capital into the construction, providing a safe investment for passive investors
Executive Summary
This Sheetz is located near the intersection of Dorr Street and McCord road, which experience a combined 23,386 vehicles per day » The property is within walking distance of Interstate 475, Toledo’s primary north-south thoroughfare which traverses the entire city (91,776 AADT). The site is situated in a dense retail corridor with nearby national brands such as Walmart Supercenter, Sam’s Club, Costco, Kroger, Meijer, Lowe’s Home Improvement, Chick-fil-A, and numerous others » This location benefits from its proximity to several large apartment complexes, including WoodRidge Apartments (258 units), Orchard Lakes Apartments (240 units), Lake of the Woods Apartments (160 units), Country View Apartments (140 units), Orchard Creek Villas (68 units), and Venetian Woods Apartments (47 units). The property experiences increased traffic from nearby Toledo Botanical Garden, which welcomes approximately 120,000 annual visitors. The average annual household income within a five-mile radius is $96,845 and is projected to increase by more than 14% by 2029. The site is near Toledo Express Airport, which supports over $587 million in economic activity and supports over 2,900 jobs. The location is set at the confluence of Cleveland, Detroit, and Fort Wayne, allowing the site to capture significant commuter and local traffic
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,139 SF
Building Class
B
Year Built
2024
Price
$3,419,000
Price Per SF
$557
Cap Rate
5.50%
NOI
$188,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
9.84 AC
Amenities
- Air Conditioning
PROPERTY TAXES
Parcel Number | 65-46151 | Improvements Assessment | $0 |
Land Assessment | $56,665 | Total Assessment | $56,665 |
PROPERTY TAXES
Parcel Number
65-46151
Land Assessment
$56,665
Improvements Assessment
$0
Total Assessment
$56,665
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