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Sheetz | 15 Years Remaining | Richmond, VA MSA | New 2023 Construction with Carwash

US 360 & Bridgewood Rd, Midlothian, VA 23112

Listing Price: $6,680,556

Cap Rate
4.50%
Tenant Name
Sheetz
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$300,625.00

Investment Overview

Sheetz occupies a prominent signaled corner parcel with three means of access and visibility to 57,900 vehicles per day along Hull Street and Bridgewood Road. The property is immediately across Hull Street from a high-performing Walmart Supercenter and The Home Depot anchored center, which according to geofencing data from Placer.ai, averages 3.7 million annual customer visits. It is positioned across Bridgewood Road from Bridgewood Crossing, anchored by a newly constructed BJ’s Wholesale and featuring Aldi, Vavoline and Dash In. The three big box retailers are of major benefit to the Tenant as they generate consistent daytime traffic, and natural synergy is created by the neighboring automotive users. This Sheetz location has near aligned curb-cuts with the Bridgewood Road entrance to Bridgewood Crossing.

Investment Highlights

  • 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • 3.128-Are Signalized Corner Parcel to 57,900 VPD
  • Implied Investment Grade Credit of Expanding 600+ Unit Operator

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Sheetz | 15 Years Remaining | Richmond, VA MSA | New 2023 Construction with Carwash

Listing Price: $6,680,556

Cap Rate
4.50%
Tenant Name
Sheetz
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$300,625.00

Investment Highlights

  • 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • 3.128-Are Signalized Corner Parcel to 57,900 VPD
  • Implied Investment Grade Credit of Expanding 600+ Unit Operator

Investment Overview

Sheetz occupies a prominent signaled corner parcel with three means of access and visibility to 57,900 vehicles per day along Hull Street and Bridgewood Road. The property is immediately across Hull Street from a high-performing Walmart Supercenter and The Home Depot anchored center, which according to geofencing data from Placer.ai, averages 3.7 million annual customer visits. It is positioned across Bridgewood Road from Bridgewood Crossing, anchored by a newly constructed BJ’s Wholesale and featuring Aldi, Vavoline and Dash In. The three big box retailers are of major benefit to the Tenant as they generate consistent daytime traffic, and natural synergy is created by the neighboring automotive users. This Sheetz location has near aligned curb-cuts with the Bridgewood Road entrance to Bridgewood Crossing.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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