Speedway (7-Eleven Guaranty) | New 15-Year Lease — Sale in Cleveland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cleveland, OH 44135

Photos

Speedway (7-Eleven Guaranty) | New 15-Year Lease — Sale in Cleveland, OH, photo 1 of 4
Speedway (7-Eleven Guaranty) | New 15-Year Lease — Sale in Cleveland, OH, photo 2 of 4
Speedway (7-Eleven Guaranty) | New 15-Year Lease — Sale in Cleveland, OH, photo 3 of 4
Speedway (7-Eleven Guaranty) | New 15-Year Lease — Sale in Cleveland, OH, photo 4 of 4

Investment Figures

Cap rate
5.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This retail in Cleveland, OH is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Cleveland, OH — view the full market.

As of Q1 2026, the Cleveland retail market showed a 5.1% vacancy rate, average asking rents near $16.10/SF/yr, rents up 0.7% year over year, and cap rates around 8.8%. Source: Matthews Q1 2026 market report.

Its 5.2% asking cap rate is below the Cleveland retail market average of about 8.8%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Cleveland?
About 8.8% as of Q1 2026, per Matthews.
Is the Cleveland retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

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