Velaro Station

3350 E. 116^th St marks Chase’s first entry in the c-store space.  The property includes 8 fuel pumps and an approx. 1,500sf convenience store.  Upon closing the deal, we executed a brand-new 25-year NNN lease with Mountain Express Oil Company, a proven operator with hundreds of stores.  The property benefits from being positioned just off Kinsman Rd, a major East/West artery in Cleveland.  In addition to strong, dependable cash flow, the property benefits from the bonus deprecation laws available for retail motor fuel outlets.