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Sheetz 2425 Market St 6,432 SF Retail Building North Warren, PA 16365 $4,788,006 CAD ($744.40 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Sheetz has been continuously operating in this location since 2012 and recently extended their lease for another 15yrs of firm term
- Lease is corporately guaranteed by Sheetz, Inc., one of America’s fastest-growing convenience store chains with over 700 locations
- Strategically positioned next to two of the largest retail traffic generators in the industry in Walmart and Lowe’s
- Rare build-to-suit structure which not only offers depreciation, but accelerated depreciation
- Sheetz’s new 6,000+ square foot all-brick convenience store with drive-thru, 7 gas dispensers for a total of 14 pumps including diesel fuel
- The only full-service convenience center in the area offering made-to-order food, fresh coffee, beer and wine sales, drive-thru/delivery, & more
EXECUTIVE SUMMARY
This strong-performing location has been operating since 2012, and Sheetz recently extended its lease for another 15 years, reinforcing its commitment to the site. Unlike typical ground leases, this is a rare build-to-suit Sheetz, allowing for accelerated depreciation benefits that may enhance tax advantages (consult your tax advisor).
Positioned along Market Street (16,328 VPD), a key commercial corridor, Sheetz benefits from high visibility, five points of ingress/egress, and proximity to major retailers like Walmart and Lowe’s, ensuring steady customer traffic. It is also the only full-service convenience center in the area, offering made-to-order food, fresh coffee, beer and wine sales, free Wi-Fi, and 24/7 operations, making it the preferred stop for commuters and travelers.
The lease is corporately guaranteed by Sheetz, Inc., a top private company with 700+ locations, $14B+ in revenue (2024), and ongoing expansion plans.
With zero landlord responsibilities, strong tenant commitment, built-in rental escalations, and limited competition, this Sheetz investment offers long-term stability in an established market.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 6,432 SF
- -
- Triple Net
- -
Philosophers have been arguing about that question for years. “What exactly is a Sheetz? Where does it come from? Are we all a Sheetz?” It may surprise one to learn that the answer to all those questions is a resounding “Yes!” Sheetz is a one-stop solution for basically everything. It’s where customers refill on gas. It’s where they pick up dinner for the family, or grab a late night snack to eat in their car while listening to a podcast. It’s where they meet their friends after the football game. It’s where they go when they have their “uh oh, forgot to pack that” moment. It’s the cleanest bathroom this side of Oz. It’s all of those things, and it’s accomplished with a smile and an unmatched level of convenience. Sheetz now spans across multiple states, and their footprint is only expanding. But they’ve never lost their core values, and they’re always staying true to their roots.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 6,432 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WN-545-554600-000 | Improvements Assessment | $291,763 CAD |
| Land Assessment | $297,504 CAD | Total Assessment | $589,268 CAD |
PROPERTY TAXES
Presented by
Sheetz | 2425 Market St
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