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Sheetz | April 2026 Rent Commencement 33674 Old Valley Pike 6,139 SF Retail Building Strasburg, VA 22657 $4,783,800 CAD ($779.25 CAD/SF) 5% Cap Rate
Investment Highlights
- Rent is scheduled to commence in April 2026, with the brand-new Sheetz store slated to open the following month in May 2026.
- 10% rent increases every five years throughout the base term and all option periods
- Corporately guaranteed by Sheetz, Inc., one of the largest privately held convenience store operators in the U.S., with 800+ locations
- The property is being built to Sheetz’s latest corporate prototype and will operate under a 15-year absolute NNN ground lease
- Strategically positioned directly off I-81 (±60,000 VPD), serving as the primary gateway into Strasburg from the interstate
- Steady population and household growth, with projections of approximately 0.9% annual growth through 2030 across the 3-, 5-, and 7-mile trade areas
Executive Summary
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand new construction Sheetz located just off Interstate 81 along Old Valley Pike in Strasburg, Virginia. Scheduled for May of 2026 delivery, the property is being developed on an oversized ±3.11-acre parcel and constructed to Sheetz’s latest corporate prototype. The site features 43 parking spaces, efficient ingress/egress, and strong interstate visibility, positioning the asset for long-term operational success.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,139 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,783,800 CAD
Price Per SF
$779.25 CAD
Cap Rate
5%
NOI
$239,190 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.11 AC
Zoning
GC - General Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sheetz
- -
- -
- -
- Triple Net
- Mar 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sheetz | - | - | - | Triple Net | Mar 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $751,467 CAD | |
| Land Assessment | $1,100,137 CAD | Total Assessment | $1,851,604 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,100,137 CAD
Improvements Assessment
$751,467 CAD
Total Assessment
$1,851,604 CAD
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Sheetz | April 2026 Rent Commencement | 33674 Old Valley Pike
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