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7506 Williamson Rd
Roanoke, VA 24019
Sheetz | 14 Years Remaining | 25,000 VPD · Retail Property For Sale

Investment Highlights

  • 15-Year Absolute Net Ground Lease with 10% Increases Beginning Year 11
  • Less than One-Mile from Interstate-81 Interchange with 60,000 VPD
  • Implied Investment Grade Credit of Expanding 800-Unit Operator
  • 2.615 -Acre Signaled Corner Parcel to 23,000 VPD
  • Limited Competition from other Large Format Gas & C-Stores

Executive Summary

15-Year Absolute Net Ground Lease with 10% Increases – The Tenant, Sheetz, Inc., is subject to a new 15-year Absolute Net Ground Lease which opened in July of 2025. The lease features rental increases of 10 percent (10%) every five years beginning in year 11. Sheetz operates in a newly constructed 6,000-square-foot store with indoor and outdoor seating, drive-thru, and six fueling pumps. The Tenant completed 100% of the construction, both sitework and building, at its sole cost and expense, providing additional security to the offering.
Prominent Signaled Corner Parcel to 23,000 VPD – Sheetz is situated upon a large 2.615-acre parcel at the signaled intersection of Route 11 and Plantation Road with prominent frontage and visibility. Sheetz has three means of access, including right-in, right-out access along southbound Route 11, and points of both right-in/right-out access and full access via Plantation Road. Route 11 runs through the city's urban core and into the surrounding Roanoke County, running parallel to Interstate-81. It is a heavily traveled local and commuter route.
Interstate-81 Accessibility with Limited Competition - Sheetz will benefit tremendously from its position less than one-mile from the Inerstate-81 interchange (60,000 VPD). It is the first large format gas station and C-store off the interchange, with only small format Exxon, BP and Shell gas stations along Plantation Road. The store will have Interstate-81 travel advisory signage. Interstate-81 is a major north-south interstate highway running through the Appalachian region of the eastern United States. It plays a crucial role in both freight transportation and regional mobility, often carrying goods between the Northeast and the South. Many drivers use this interstate to avoid congestion on I-95, especially for north-south travel between the Mid-Atlantic and the Southeast. The Roanoke Valley has immensely benefited from the connectivity that I-81 provides residents and businesses alike; it vastly improves the Vally’s drivetime radius.
Neighbors Roanoke Valley’s Top 2 Largest Employers –The property is also within one-mile to several major employment centers, including Roanoke Valley’s two largest employers, Carilion Clinic and Wells Fargo. Elbit America Aerospace and Defense Solutions, BSC Ventures, and Hollins University with an enrollment of 821 students are also proximate. The store is opposite a well-performing CVS/pharmacy 292 thousand annual customer visits per Placer.ai. This segment of Route 11 also features notable retailers, Kroger, Dollar Tree, Dunkin’, Jersey Mike’s, and a Truist Bank with $100 Million in deposits, among others.
Expanding Presence in Southwest Virginia - Sheetz currently has six stores in the Roanoke region as well as four in Lynchburg, four in the New River Valley, and two in Rocky Mount. In addition to the subject store opening, the chain opened a new location on Blue Ridge Boulevard in June 2025, and relocated a store to a new, larger location on Orange Avenue in 2022. Sheetz's strong presence and continued investment in the Roanoke market signifies its commitment to insulating its market-share in the region. Sheetz’s prominent market share will boost this store’s performance, while being without another Sheetz for 4-miles west, 7-miles south, and 6-miles north.
Rapidly Expanding Privately Held C-Store Operator – Sheetz has become one of the fastest growing privately-owned convenience store chains in the world. The company operates over 800 company-owned stores across Pennsylvania, Maryland, West Virginia, Ohio, Virginia, North Carolina, and Michigan. As of early 2026, Sheetz has begun expansion into Michigan with its first few Detroit-area locations, with plans for 50-60 more over the next five to six years. Sheetz ranked No. 43 on Forbes’ 2025 list of America’s Top Private Companies and No. 111 on its 2026 list of America’s Best Companies. The company was also recognized by Forbes as one of “America’s Best Large Employers” (2024), Fortune’s “100 Best Companies to Work For” (2021) and Convenience Store Decisions Group named Sheetz, Inc. the 2017 Convenience Store Chain of the Year, considered the gold standard in convenience retailing.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,000 SF
Building Class
B
Year Built
2025
Price
$6,217,640 CAD
Price Per SF
$1,036.27 CAD
Cap Rate
5.50%
NOI
$341,977 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.67 AC
Zoning
C2 - General Commercial

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
027.11-01-12
Land Assessment
$941,264 CAD
Improvements Assessment
$1,681,066 CAD
Total Assessment
$2,622,330 CAD
  • Listing ID: 40865100

  • Date on Market: 2026-06-10

  • Last Updated:

  • Address: 7506 Williamson Rd, Roanoke, VA 24019

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