CBRE Investment Sales Team Completes Disposition of Sheetz Store in Gahanna, Ohio

CBRE Investment Sales Team Completes Disposition of Sheetz Store in Gahanna, Ohio

A brokerage team from CBRE has closed the sale of a Sheetz convenience store property located in Gahanna, a suburb of Columbus, Ohio, according to a report from REJournals.

The transaction adds to a steady stream of net-lease retail deals in central Ohio, where single-tenant properties backed by national fuel-and-convenience operators have drawn investor interest. Sheetz, the Pennsylvania-based chain known for its large-format stores and made-to-order food menus, has been expanding its footprint across the Midwest, including the Columbus market, which has supported secondary deal flow for brokers specializing in sale-leaseback and single-tenant retail assets.

While the release did not disclose the sale price or buyer, transactions involving branded convenience-store properties typically appeal to net-lease investors seeking long-term leases with credit tenants and built-in rent escalations. Brokers in this segment often market such assets based on the tenant’s lease terms rather than the underlying real estate alone.

For CBRE, the deal reflects the breadth of its investment sales platform, which spans retail, industrial, office, and multifamily asset classes. The company’s advisory business includes dedicated teams handling convenience-store and fuel-property dispositions nationally. Shares of CBRE Group were trading at $146.63 in the latest session, down 1.42% from the prior close of $148.74, giving the company a market capitalization of approximately $43.7 billion. The firm operates through its Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments across the United States, the United Kingdom, and other international markets.

Gahanna, positioned just northeast of Columbus, has seen continued commercial development in recent years as the broader metro remains among the faster-growing regions in the Midwest. Retail dispositions in the area have benefited from population growth and ongoing infrastructure investment, though rising borrowing costs over the past two years have shaped pricing across commercial property types.

What to watch

• CBRE’s next quarterly earnings report, which will detail transaction revenue trends in its Advisory Services segment.
• Additional single-tenant retail closings in the Columbus market as brokerage teams publish transaction announcements.
• Any guidance updates from CBRE regarding capital markets activity and net-lease investor demand.

Source: original release