loader
Join Free
Views: 47 DOM: 69 Updated: 08.24.24 Posted: 07.09.24 Status: Active

Summary

Price $3,097,087
Built/Renov 2024
Tenant Sheetz (GL)
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,132
Lease Start 07-19-2024
#Units 682
Price/SF $505.07
Expiration 06-30-2039
Tenant Type Convenience/Gas
NOI $159,500
R. Term 14.9
Ownership Ground Lease
Rent/SF $26.01
Increases 10.0%/10/yrs
Pop 5Mi 44,597
Lot/AC 2.11
Options 7/5yrs/10%
AHHI 5Mi $119,789

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year ground lease with 7 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Sheetz is strategically located at the signalized, hard corner intersection of North Poplar Street and US Highway 1, with access to a combined daily traffic count of 37,000 vehicles. The property is situated in a vibrant retail corridor surrounded by numerous local businesses and well-known national retailers, including Enterprise, Arby’s, Harris Teeter, Starbucks, Great Clips, Firehouse Subs,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Sheetz
  • Guarantor:Corporate
  • Company:Sheetz, Inc.
  • # Units:682
  • Stock:Private

About Tenant

Sheetz, Inc. is an American chain of convenience stores and coffee shops owned by the Sheetz family. Founded in 1952, the chains sell custom food, beverages, and convenience store items, with all...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity