Investment Overview

The Tenant, Sheetz, Inc., is subject to a new 15-year Absolute Net Ground Lease which opened in July 2025. The lease features rental increases of 10 percent (10%) every five years beginning in year 11. Sheetz operates in a newly constructed ±6,000-square-foot store with indoor and outdoor seating, drive-thru, and six fueling pumps. Sheetz completed 100% of the construction, both sitework and building, at its sole cost and expense, providing additional security to the offering. Sheetz is situated upon a large ±2.615 -acre parcel at the signaled intersection of Route 11 and Plantation Road with prominent frontage and visibility. Sheetz has three means of access, including right-in, right-out access along southbound Route 11, and points of both right-in/right-out access and full access via Plantation Road. Route 11 runs through the city’s urban core and into the surrounding Roanoke County, running parallel to Interstate-81. It is a heavily traveled local and commuter route. Sheetz benefits tremendously from its position less than one-mile from the Inerstate-81 interchange (60,000 VPD). It is the first large format gas station and C-store off the interchange, with only small format Exxon, BP and Shell gas stations along Plantation Road. The store has Interstate-81 travel advisory signage. Interstate-81 is a major north-south interstate highway running through the Appalachian region of the eastern United States. It plays a crucial role in both freight transportation and regional mobility, often carrying goods between the Northeast and the South. Many drivers use this interstate to avoid congestion on I-95, especially for north-south travel between the Mid-Atlantic and the Southeast. The Roanoke Valley has immensely benefited from the connectivity that I-81 provides residents and businesses alike; it vastly improves the Vally’s drivetime radius.