Net Lease Sheetz Property Profile and Cap Rates Date September 28, 2020
Net Lease Sheetz – Typical Property and Lease Terms
|Price Range:||$2M - $5M|
|Cap Rate:||4.85% - 5.25%|
|Net Income:||$100,000 - $250,000|
|Price Per foot:||$400 PSF - $800 PSF|
|Building Size:||4,500 SF - 6,500 SF|
|Lot Size:||2 Acres|
|Escalations:||10% Every 5-Years|
|Lease Term:||15 Years|
Tenant Company Information:
Sheetz, Inc. is an American chain of convenience stores and coffee shops owned by the Sheetz family. The stores sell a mix of custom food, beverages and convenience store items. Nearly all of them sell gasoline. Its headquarters are in Altoona, Pennsylvania. Stores are located in Pennsylvania, West Virginia, Maryland, Ohio, Virginia, and North Carolina.
A few locations are full-scale truck stops, including showers and a laundromat.