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11500 W Broad St
Richmond, VA 23233
Sheetz - Richmond (Short Pump) VA · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Established & Growing Brand
- Next to Short Pump Village, Short Pump Town Center | Dense Retail Corridor | Adjacent to Walmart Supercenter
- Located Along W Broad St | Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Rare Henrico County Retail Opportunity | High Barriers To Entry | Growing Area with Numerous Surrounding Developments
- Strong Demographics In 5-mile Trade Area
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,959 SF
Building Class
B
Year Built
2027
Construction Status
Proposed
Price
$10,705,344 CAD
Price Per SF
$2,158.77 CAD
Cap Rate
5%
NOI
$535,267 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.60 AC
Zoning
M-1
Parking
28 Spaces (5.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 739-762-8217 | Improvements Assessment | $2,845,288 CAD |
| Land Assessment | $2,761,842 CAD | Total Assessment | $5,607,130 CAD |
Property Taxes
Parcel Number
739-762-8217
Land Assessment
$2,761,842 CAD
Improvements Assessment
$2,845,288 CAD
Total Assessment
$5,607,130 CAD
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