April 7, 2022 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of a Sheetz in Columbus, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,382,000.
Sheetz is located at 2840 Johnstown Road in Columbus, Ohio. The property was constructed for Sheetz in 2021 and features a 6,077 square foot convenience store and eight fuel stations (16 pumps) on 1.99-acres of land. Sheetz has 14+ years remaining on their corporately backed Absolute NNN ground lease with seven (7), 5-Year Options. The lease features attractive 10% rent increases every five years throughout the primary term and at the start of each of the option periods. The Property is well located at the signalized intersection of Johnstown Road and Stelzer Road with frontage along both routes and three means of access. The intersection sees more than 37,000 vehicles per day. The Property is adjacent to (and visible from) Interstate 670 and is 0.5-miles from the Columbus International Airport. The Property is surrounded by national retailers and several large business and industrial parks. The Property is positioned northwest of downtown Columbus and is approximately 3-miles from Ohio Dominican University and 8-miles from The Ohio State University.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.