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Sheetz | 13+ Years Remain | Washington, D.C. MSA | Well Below Market Rent

11774 Sudley Manor Dr, Manassas, VA 20109

Listing Price: $4,900,000

Cap Rate
4.49%
Tenant Name
Sheetz
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
6,489
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.90

Investment Overview

The Tenant, Sheetz, Inc., has more than 13 years remaining on an absolute NNN ground lease. The corporate lease features 10 percent (10%) increases every five years during the six, five-year option periods. The Tenant’s rental rate is below market compared to what Sheetz, Wawa, and Royal Farms are paying in the region. This increases the security of this offering especially when coupled with the more than $2 Million the tenant paid to construct its 6,482-square-foot red brick store and seven pump fuel canopy. A table of Maryland and Virginia rental rates can be found in this offering memorandum.

Investment Highlights

  • Well Below-Market Rental Rate - 40 Percent Under Market
  • Implied Credit Tenant in Expansion Mode
  • 2.57 Acre Signalized Corner Parcel Across from Costco

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Auto Service - Gas-Conv

Sheetz | 13+ Years Remain | Washington, D.C. MSA | Well Below Market Rent

Listing Price: $4,900,000

Cap Rate
4.49%
Tenant Name
Sheetz
Years Remaining On Lease
13.9
Guarantor
Corporate Guarantee
Rentable SF
6,489
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.90

Investment Highlights

  • Well Below-Market Rental Rate - 40 Percent Under Market
  • Implied Credit Tenant in Expansion Mode
  • 2.57 Acre Signalized Corner Parcel Across from Costco

Investment Overview

The Tenant, Sheetz, Inc., has more than 13 years remaining on an absolute NNN ground lease. The corporate lease features 10 percent (10%) increases every five years during the six, five-year option periods. The Tenant’s rental rate is below market compared to what Sheetz, Wawa, and Royal Farms are paying in the region. This increases the security of this offering especially when coupled with the more than $2 Million the tenant paid to construct its 6,482-square-foot red brick store and seven pump fuel canopy. A table of Maryland and Virginia rental rates can be found in this offering memorandum.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

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