Richmond, VA - Sheetz

Description:

• The tenant recently signed a brand new 20-year lease with 7 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rent increases every five years beginning year 11
• Founded in 1952, Sheetz is among America’s fastest-growing, family-owned and operated convenience store chains with over 800 locations. Implied investment grade credit; #43 Forbes Top Private Companies

• Generational opportunity to own commercial real estate in one of suburban Richmond’s most visited retail corridors
• The area is experiencing significant growth with developments including:
• Sadler Square (130 single family homes)
• Shire Walk (81 town homes)
• 1925 Westmoreland - proposed (mixed-use; 224 residential units)
• Bacova - proposed (an addition of 74 townhomes for a total of 1,000)
• Dense, infill trade area with high barriers for new development

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Listing ID: a28TP000002iaMnYAI