deal image
Sheetz - Needmore
Asset ClassRetail
Brand New 15.5-YR NNN Ground Lease │ Rare 10% Increases Every 5 Years │ Signalized Intersection
overview of deal

Overview

VIEW OFFERING MEMORANDUM

 

  • Asking Price: $4,460,000
  • Cap Rate: 5.55%
  • Annual Rent: $247,500
  • GLA: ±6,139 SF
  • Acreage: ±2.83 AC
  • Fuel Pumps: 12
  • Lease Type: NNN Ground
  • Year Built: 2025
  • Lease Term: 15.5 Years
  • Options: Seven (7) 5-year options
Access the Data Room

Investment Highlights

BRAND NEW 15.5-YEAR NNN GROUND LEASE

This offering features a new 15.5-year NNN ground lease with Sheetz, Inc., one of the largest and most successful privately held convenience store chains in the United States.

 

RAPIDLY EXPANDING CONVENIENCE STORE CHAIN

Sheetz, Inc., headquartered in Altoona, PA, has grown from a single store into a dynamic convenience store and fuel retailer with With ±800 locations across six states. As a family-owned and operated business, Sheetz has built a reputation as one of the most recognized and respected brands in the convenience retail industry. Its no-franchise model ensures consistent quality, customer experience, and brand integrity across its entire network. With a forward-looking growth strategy, Sheetz continues to rapidly expand its footprint, targeting high-demand corridors in both existing and new markets.

 

ZERO LANDLORD OBLIGATIONS

This is a NNN ground lease, offering zero management responsibilities for the landlord. Its structure makes it an ideal investment for passive investors seeking stable, hassle-free income.

 

SIGNALIZED INTERSECTION

Positioned at a signalized intersection and along a heavily traveled corridor with strong visibility and easy access, this site is well-situated to serve as the go-to convenience and fuel destination in the immediate market.

 

RARE 10% RENT INCREASES

This lease offers a compelling opportunity for investors with a 15.5-YR term and rare 10% rent increases every 5 years and in each of the seven renewal options. These contractual rent escalations deliver predictable income growth over the lease term while serving as a built-in hedge against inflation, enhancing long-term investor returns.

 

MINUTES FROM THE LARGEST SINGLE-SITE EMPLOYER IN OHIO

Sheetz is located just minutes from Wright-Patterson Air Force Base, the largest single-site employer in the state of Ohio, and one of the largest and most strategically significant Air Force bases in the country. Wright-Patterson employs approximately 38,000 people and contributes more than $16B annually to the Ohio economy.

 

LIMITED COMPETITION

The Needmore Rd. Sheetz will be the only Sheetz located within a 3-mile radius, creating a highly strategic trade area position with no direct brand competition nearby.

 

STRONG GROWTH & DEMAND DRIVERS

The trade area is supported by a robust demographic profile, with a population of more than 145,000 residents and 60,900 households within a 5-mile radius. In addition, the market is anchored by a thriving business community of over 5,000 companies, driving both daytime and residential demand.

deal gallery image
deal gallery image
deal gallery image
4840 Needmore RdDayton, OH 45424
deal image

Inquire

Listing provided by LightBox Revere