Valero Gas Station

Valero Gas Station

Parma, OH

Parma, OH

Valero Gas Station

Offered for sale is the opportunity to acquire an absolute net lease Valero Gas Station & C-Store in Parma, Ohio. The property consists of a 2,498-square-foot, freestanding building that sits on approximately 0.35 acres of land. There are approximately 15.1 years remaining on the current lease term, with a 2% percent rental increases annually. Broker of Record for OH: Michael Glass BRK.2007005898 (614) 360-9800.

Price $900,000
Cap Rate 8.00%
Building Size 2,498 sqft
Lot Size 0.35 acres
Year Built 1962
Offering Memorandum

Jake Stammen

Associate
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations
  • Signalized Hard Corner Location
  • More than 217,254 Residents Within a Five-Mile Radius
  • Cleveland, OH MSA Location - the Metro has More than 2.1 Million Residents

Jake Stammen

Associate
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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