Auto Service - Gas-Conv
Speedway (7-Eleven Guaranty) | New 15-Year Lease
4280 West 150th St, Cleveland, OH 44135
Listing Price: $6,570,000
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
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