Remarks

15-YEAR CORPORATE LEASE – The fifteen-year ground lease commenced in December 2023 and is backed by Sheetz Inc. The company made a significant upfront investment in the building construction and all equipment. The 2.04-acre parcel is positioned between Valley Heath (regional hospital) and a high performing Walmart on Route 50, which provides a direct connection to downtown Winchester and Route 37. Within site distance from Route 37, a primary north/south connector, and surrounded by strong economic drivers, the portion of Route 50 immediately in front of the subject property yields a strong traffic count in excess of 35,000 vehicles per day. Sheetz is one of the most recognizable convenience concepts in the mid-Atlantic and among the most desirable investments given the strong performance and balance sheet. Sheetz distinguishes itself from other C-stores with its made-to-order food, leading to substantial revenue generation compared to conventional C-stores. NOI of $251,000.

Details

MLS#: 660843
Price: $5,285,000

Style: Building
Sq Ft: 6139