Auto Service - Gas-Conv
Sheetz Absolute NNN Ground Lease
2740 Navarre Ave, Oregon, OH 43616
Listing Price: $3,950,000
Investment Overview
Absolute Triple Net Ground Lease –No Landlord Responsibilities | Corporate Guaranty | 15-Year Initial Term | Seven Five-Year Renewal Options
New Construction –Grand Opening July 2025
Located on Signalized Hard Corner of Navarre Avenue and Issac Street Drive (29,123 Combined Vehicles per Day) | Less than One Mile from I-280 with 72,870 Vehicles per Day
Adjacent to the New Oregon Town Center Development, a Significant Mixed-Use Development Project Located on 12.5 Acres with Frontage on Navarre Avenue | The Development will Progress in Three Phases which will Include Retail, Restaurants, Green Spaces and Public Gathering Spots, Single-Family Residences, and an Apartment Complex with 208 Units Across Six Buildings | The Project is Currently Underway with an Expected Phase 1 Completion Date in May 2026
Investment-Grade Tenant: Sheetz, Inc., is One of the Fastest-Growing Convenience Store Chains in the World | 2024 Revenues were $14 Billion | The Company has 750 Locations in Seven States with Plans to Expand into Michigan in 2025, and a New Distribution Center in Findlay, Ohio in 2026 | Further Expansion Plans Include Additional Southern States and the Midwest
Adjacent to Mercy Health –St Charles Hospital Complex | The Hospital has 390 Beds and is a Level III Trauma Center | Includes The Pediatric Center, Regency Hospital Group, Acute Rehabilitation Services Among Other Clinics and Specialty Physicians’ Offices
Within One Mile of Four Hotels and the Oregon Plaza Shopping Center with 2.7 Million Visitors per Year per Placer.ai | National Retailers Include Kroger, Five Below, Dollar General, Goodwill, Harbor Freight, AutoZone, Aaron’s, Starbucks, and Jersey Mike’s Subs
Oregon, Ohio is Located Near Lake Erie and Attracts a Number of Visitors to the Area | Growing Suburb of Toledo Ohio | Cost of Living in Oregon is 19.3 Percent Lower than the US Average | Low Unemployment Rate of 4 Percent Versus Higher US National Average
Part of the Toledo, Ohio MSA with 611,000 Residents | Ideal Demographics: Five-Mile Daytime Population is 121,833
Investment Highlights
- Absolute Triple Net Ground Lease – No Landlord Responsibilities | Corporate Guaranty | 15-Year Initial Term | Seven Five-Year Renewal Options
- Located on Signalized Hard Corner of Navarre Avenue and Issac Street Drive (29,123 Combined Vehicles per Day) | Less than One Mile from I-280 with 72,870 Vehicles per Day
- New Construction –Grand Opening July 2025
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer
Listing Price: $3,950,000
Investment Highlights
- Absolute Triple Net Ground Lease – No Landlord Responsibilities | Corporate Guaranty | 15-Year Initial Term | Seven Five-Year Renewal Options
- Located on Signalized Hard Corner of Navarre Avenue and Issac Street Drive (29,123 Combined Vehicles per Day) | Less than One Mile from I-280 with 72,870 Vehicles per Day
- New Construction –Grand Opening July 2025
Investment Overview
Absolute Triple Net Ground Lease –No Landlord Responsibilities | Corporate Guaranty | 15-Year Initial Term | Seven Five-Year Renewal Options New Construction –Grand Opening July 2025 Located on Signalized Hard Corner of Navarre Avenue and Issac Street Drive (29,123 Combined Vehicles per Day) | Less than One Mile from I-280 with 72,870 Vehicles per Day Adjacent to the New Oregon Town Center Development, a Significant Mixed-Use Development Project Located on 12.5 Acres with Frontage on Navarre Avenue | The Development will Progress in Three Phases which will Include Retail, Restaurants, Green Spaces and Public Gathering Spots, Single-Family Residences, and an Apartment Complex with 208 Units Across Six Buildings | The Project is Currently Underway with an Expected Phase 1 Completion Date in May 2026 Investment-Grade Tenant: Sheetz, Inc., is One of the Fastest-Growing Convenience Store Chains in the World | 2024 Revenues were $14 Billion | The Company has 750 Locations in Seven States with Plans to Expand into Michigan in 2025, and a New Distribution Center in Findlay, Ohio in 2026 | Further Expansion Plans Include Additional Southern States and the Midwest Adjacent to Mercy Health –St Charles Hospital Complex | The Hospital has 390 Beds and is a Level III Trauma Center | Includes The Pediatric Center, Regency Hospital Group, Acute Rehabilitation Services Among Other Clinics and Specialty Physicians’ Offices Within One Mile of Four Hotels and the Oregon Plaza Shopping Center with 2.7 Million Visitors per Year per Placer.ai | National Retailers Include Kroger, Five Below, Dollar General, Goodwill, Harbor Freight, AutoZone, Aaron’s, Starbucks, and Jersey Mike’s Subs Oregon, Ohio is Located Near Lake Erie and Attracts a Number of Visitors to the Area | Growing Suburb of Toledo Ohio | Cost of Living in Oregon is 19.3 Percent Lower than the US Average | Low Unemployment Rate of 4 Percent Versus Higher US National Average Part of the Toledo, Ohio MSA with 611,000 Residents | Ideal Demographics: Five-Mile Daytime Population is 121,833
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer

