Auto Service - Gas-Conv

Sheetz Ground Lease | New 15-Yr. NNN

Listing Price: $2,725,000

Cap Rate
4.77%
Tenant Name
Sheetz
Years Remaining On Lease
15.00
Guarantor
Corporate Guarantee
Rentable SF
5,930
Lease Type
Ground Lease
Rent Per Square Feet
$21.92

Investment Overview

Marcus & Millichap is pleased to present the Sheetz Ground Lease in Durham (Raleigh MSA), NC.

Investment Highlights

  • 15-Year Absolute NNN Ground Lease
  • Corporate Guaranty, 600+ Locations and $7.5 Billion in Revenue
  • 10% Rental Increases Beginning in Each Option Period
  • Brand New Brick Construction with Touchless Car Wash, Open 24 Hours with Outdoor Seating
  • Serving Over 148,000 Residents in Rapidly Growing Raleigh-Durham Trade Area
  • Surrounded by Several Large Residential and Commercial Developments Under Construction
  • Hard Corner Location at Signalized Intersection with 37,900 Cars/Day

Exclusively Listed By

Auto Service - Gas-Conv

Sheetz Ground Lease | New 15-Yr. NNN

Listing Price: $2,725,000

Cap Rate
4.77%
Tenant Name
Sheetz
Years Remaining On Lease
15.00
Guarantor
Corporate Guarantee
Rentable SF
5,930
Lease Type
Ground Lease
Rent Per Square Feet
$21.92

Investment Highlights

  • 15-Year Absolute NNN Ground Lease
  • Corporate Guaranty, 600+ Locations and $7.5 Billion in Revenue
  • 10% Rental Increases Beginning in Each Option Period
  • Brand New Brick Construction with Touchless Car Wash, Open 24 Hours with Outdoor Seating
  • Serving Over 148,000 Residents in Rapidly Growing Raleigh-Durham Trade Area
  • Surrounded by Several Large Residential and Commercial Developments Under Construction
  • Hard Corner Location at Signalized Intersection with 37,900 Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Sheetz Ground Lease in Durham (Raleigh MSA), NC.

Exclusively Listed By

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