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Auto Service - Gas-Conv

BP Gas Station & C-Store (Cleveland-Akron-Canton, OH MSA)

804 Wales Rd, Massillon, OH 44646

Listing Price: $675,000

Cap Rate
8.00%
Tenant Name
BP
Years Remaining On Lease
10.0
Gross SF
3,772
Guarantor
Corporate Guarantee
Rentable SF
3,772
Price/Gross SF
$178.95
Lease Type
Absolute Net
Rent Per Square Feet
$14.32

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease in Massillon, Ohio. The property consists of 3,772-square-foot freestanding building that sits on approximately 0.36 acres of land. There are approximately 10 years remaining on the current lease term with 2% rental increases annually.

Investment Highlights

  • New 10-Year Absolute Net Lease with Two Percent Annual Rental Escalations
  • More than 95,873 Residents Within a Five-Mile Radius
  • Recent Traffic Upgrades - Wales Road was Widened, Resurfaced and had Upgraded Traffic Lights Installed in Front of the Property in 2024
  • Cleveland–Akron–Canton, OH CSA Location - More than 3.7 Million Residents

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

BP Gas Station & C-Store (Cleveland-Akron-Canton, OH MSA)

Listing Price: $675,000

Cap Rate
8.00%
Tenant Name
BP
Years Remaining On Lease
10.0
Gross SF
3,772
Guarantor
Corporate Guarantee
Rentable SF
3,772
Price/Gross SF
$178.95
Lease Type
Absolute Net
Rent Per Square Feet
$14.32

Investment Highlights

  • New 10-Year Absolute Net Lease with Two Percent Annual Rental Escalations
  • More than 95,873 Residents Within a Five-Mile Radius
  • Recent Traffic Upgrades - Wales Road was Widened, Resurfaced and had Upgraded Traffic Lights Installed in Front of the Property in 2024
  • Cleveland–Akron–Canton, OH CSA Location - More than 3.7 Million Residents

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease in Massillon, Ohio. The property consists of 3,772-square-foot freestanding building that sits on approximately 0.36 acres of land. There are approximately 10 years remaining on the current lease term with 2% rental increases annually.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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