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Auto Service - Gas-Conv

Speedway (7-Eleven Guaranty) | New 15-Year Lease

4280 West 150th St, Cleveland, OH 44135

Listing Price: $6,570,000

Cap Rate
5.35%
Tenant Name
Speedway
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
3,542
Lease Type
Absolute Net
Rent Per Square Feet
$99.23

Investment Overview

NEW CORPORATE SPEEDWAY LEASE - 14+ YEARS REMAINING: Lease Commenced December 12, 2025 And Runs Through December 31, 2040; Corporate Guaranty And Absolute-Net Structure With No Landlord Responsibilities

4.5 MILES FROM CLEVELAND HOPKINS 10M ANNUAL PASSENGERS: The Subject Is Approximately 4.5 Miles From Cleveland Hopkins International Airport, Which Handled 10 Million Passengers In 2025 And Ranks As Ohio’s Busiest Airport

10% RENT INCREASE IN YEAR 11 + FIVE 5-YEAR OPTIONS: Annual Base Rent Steps From $351,459.36 To $386,605.32 In January 2036, With Additional 10% Increases At The Start Of Each Five-Year
Renewal Option; Options Extend Potential Occupancy Through 2065

ADJACENT MEDICAL + OFFICE DEMAND - METROHEALTH & PNC: MetroHealth’s West 150th Health And Surgery Center Is Located At 4330 West 150th Street, While The PNC Bank Operations Center At 4100 West 150th Encompasses Approximately 262,088 SF Along The Same Corridor

TRUE I-71 INTERCHANGE LOCATION - 50 YEAR HISTORY AT LOCATION: Speedway Is Positioned At West 150th Street And I-71 (102,540 VPD) On I-71 And 35,430 VPD On West 150th Street

DENSE INFILL TRADE AREA - 307,774 RESIDENTS WITHIN FIVE MILES: 2025 Estimates Show 110,176 Residents Within Three Miles And 307,774 Within Five Miles, Supported By A Five-Mile Daytime Population Of 136,175 And Average Household Income Of $84,201

Investment Highlights

  • New Corporate Speedway Lease | 14+ Years Remaining
  • 10% Rent Increases In Year 11 + Five, 5-Year Options
  • True I-75 Interchange Location | 50 Year History At Location
  • 4.5 Miles From Cleveland Hopkins | 10M Annual Passengers
  • Adjacent Medical + Office Demand | MetroHealth & PNC
  • Dense Infill Trade Area | 307,774 Residents Within Five Miles

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Speedway (7-Eleven Guaranty) | New 15-Year Lease

Listing Price: $6,570,000

Cap Rate
5.35%
Tenant Name
Speedway
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
3,542
Lease Type
Absolute Net
Rent Per Square Feet
$99.23

Investment Highlights

  • New Corporate Speedway Lease | 14+ Years Remaining
  • 10% Rent Increases In Year 11 + Five, 5-Year Options
  • True I-75 Interchange Location | 50 Year History At Location
  • 4.5 Miles From Cleveland Hopkins | 10M Annual Passengers
  • Adjacent Medical + Office Demand | MetroHealth & PNC
  • Dense Infill Trade Area | 307,774 Residents Within Five Miles

Investment Overview

NEW CORPORATE SPEEDWAY LEASE - 14+ YEARS REMAINING: Lease Commenced December 12, 2025 And Runs Through December 31, 2040; Corporate Guaranty And Absolute-Net Structure With No Landlord Responsibilities 4.5 MILES FROM CLEVELAND HOPKINS 10M ANNUAL PASSENGERS: The Subject Is Approximately 4.5 Miles From Cleveland Hopkins International Airport, Which Handled 10 Million Passengers In 2025 And Ranks As Ohio’s Busiest Airport 10% RENT INCREASE IN YEAR 11 + FIVE 5-YEAR OPTIONS: Annual Base Rent Steps From $351,459.36 To $386,605.32 In January 2036, With Additional 10% Increases At The Start Of Each Five-Year Renewal Option; Options Extend Potential Occupancy Through 2065 ADJACENT MEDICAL + OFFICE DEMAND - METROHEALTH & PNC: MetroHealth’s West 150th Health And Surgery Center Is Located At 4330 West 150th Street, While The PNC Bank Operations Center At 4100 West 150th Encompasses Approximately 262,088 SF Along The Same Corridor TRUE I-71 INTERCHANGE LOCATION - 50 YEAR HISTORY AT LOCATION: Speedway Is Positioned At West 150th Street And I-71 (102,540 VPD) On I-71 And 35,430 VPD On West 150th Street DENSE INFILL TRADE AREA - 307,774 RESIDENTS WITHIN FIVE MILES: 2025 Estimates Show 110,176 Residents Within Three Miles And 307,774 Within Five Miles, Supported By A Five-Mile Daytime Population Of 136,175 And Average Household Income Of $84,201

Exclusively Listed By

Financing By

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