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300 Racetrack Rd
Washington, PA 15301
Retail Property For Sale
Investment Highlights
- Prime signalized corner location with exclusive access to Hollywood Casino at the Meadows, a top-tier national hotel/casino.
- Corporate guarantee from Sheetz, Inc., the 27th largest private company with $14B+ revenue in 2023.
- Situated in a dense, affluent, and growing submarket with strong demographics and a built-in customer base from adjacent hotels.
- Absolute-net ground lease requires no landlord management, ensuring passive ownership.
- Over 10 years remaining on the lease with 10% rental increases in seven renewal options.
- Surrounded by national retailers and accessible via high-traffic routes, ensuring excellent visibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,130 SF
Building Class
B
Year Built
2019
Price
$3,830,786 CAD
Price Per SF
$1,223.89 CAD
Cap Rate
5%
NOI
$191,539 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.78 AC
Parking
44 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
203’ on Racetrack Rd
Amenities
- Signage
Property Taxes
| Parcel Number | 5200110000001609 | Improvements Assessment | $1,590,035 CAD |
| Land Assessment | $1,040,258 CAD | Total Assessment | $2,630,293 CAD |
Property Taxes
Parcel Number
5200110000001609
Land Assessment
$1,040,258 CAD
Improvements Assessment
$1,590,035 CAD
Total Assessment
$2,630,293 CAD
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