- Brand New 20 Year Ground Lease
- Zero Landlord Responsibilities
- Built in 2018
- Lot Size 1.74 Acres
Sheetz is a chain of convenience stores, many of which also sell gas. Net lease assets occupied by Sheetz are very sought after C-store investments. With Sheetz investing a substantial amount upfront to build their store and install equipment, they are very likely to stay in a given location, even in option periods. Investors are also attracted to the fact that most Sheetz locations are ground leases. What makes Sheetz different from other C-stores is their made-to-order food, which provides for significant revenue generation compared to conventional C-stores. Sheetz’s unique model is a well-protected concept, even in economic downturns.
Bob Sheetz founded Sheetz, Inc. in 1952 when he purchased one of his father’s five dairy stores located in Altoona, Pennsylvania. Sheetz is a family owned convenience store chain, a private company that is in business for more than 60 years. Sheetz surpasses many convenience stores with its levels of efficiencies in foodservice, distribution and technology. Sheetz Inc., based in Altoona, Pa., has estimated revenues of about $6 billion from its more than 500 locations throughout Pennsylvania, North Carolina, Maryland, Virginia, Ohio and West Virginia. In 2014 and 2016, the company appeared on Fortune magazine’s annual “100 Best Companies to Work For” list with over 17,000 employees.