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MAPCO Gas Station & Convenience Store 3634 Massillon Rd 2,729 SF Retail Building Uniontown, OH 44685 $2,313,826 CAD ($847.87 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN – MAPCO Gas Station & Convenience Store
- Lease Guaranteed by Majors Management LLC (www.majorsmanagement.com)
- 5% Rent Increases Every 5 Years - Inflation Resistant Cash Flows
- Below Market Rent and Small Price Point
- Over 9.5 Years Remaining in the Primary Term
- 100% Bonus Depreciation – (Consult with your Tax Advisor)
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant, absolute NNN leased MAPCO convenience store and gas station in Uniontown, OH. This location has successfully been in operation since 1994. The lease is guaranteed by Majors Management LLC, owner of Mapco and who supports over 600 retail gas stations and almost 550 independent retailers. With over 9.5 years remaining in the primary term, three 5-year option periods, rent increases every 5 years, unconditional guaranties and no landlord responsibilities, this asset is ideal for a passive investor seeking long-term cash flows.
The property is situated in front of a 90,000 square foot Giant Eagle Market District grocery store.The 2,729 SF c-store with four MFD’s on 1-acre parcel is strategically located on the hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is directly located at the on ramp off ramp of Interstate 77 (over 93,300 VPD). The subject property is 9 miles from downtown Akron, OH which has an MSA population exceeding 700,000. Nearby retailers include Giant Eagle Market District, ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, McDonald’s, Chipotle, Starbucks, Dunkin’, Taco Bell and more.
This is an excellent opportunity to purchase an absolute NNN gas station and c-store with multiple lease guarantors with a longterm lease, below market rent and a low price point.
The property is situated in front of a 90,000 square foot Giant Eagle Market District grocery store.The 2,729 SF c-store with four MFD’s on 1-acre parcel is strategically located on the hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is directly located at the on ramp off ramp of Interstate 77 (over 93,300 VPD). The subject property is 9 miles from downtown Akron, OH which has an MSA population exceeding 700,000. Nearby retailers include Giant Eagle Market District, ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, McDonald’s, Chipotle, Starbucks, Dunkin’, Taco Bell and more.
This is an excellent opportunity to purchase an absolute NNN gas station and c-store with multiple lease guarantors with a longterm lease, below market rent and a low price point.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,729 SF
Building Class
B
Year Built
1993
Price
$2,313,826 CAD
Price Per SF
$847.87 CAD
Cap Rate
5.25%
NOI
$121,476 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Parking
23 Spaces (8.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-11352 | Improvements Assessment | $319,706 CAD |
| Land Assessment | $98,371 CAD | Total Assessment | $418,077 CAD |
Property Taxes
Parcel Number
28-11352
Land Assessment
$98,371 CAD
Improvements Assessment
$319,706 CAD
Total Assessment
$418,077 CAD
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MAPCO Gas Station & Convenience Store | 3634 Massillon Rd
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