Sheetz NNN Property For Sale — Altoona, PA
Altoona, PA
Sheetz offers a stable investment opportunity due to its differentiated convenience store concept, incorporating ready-to-go food options that boost annual sales revenues. This model leads to higher quality net lease investments, with tenants frequently renewing leases. Ground lease arrangements are common, and Sheetz corporate often covers building and equipment installation costs. The company, founded in 1952, is a family-owned and operated chain of over 659 convenience stores across Pennsylvania, North Carolina, Maryland, Virginia, Ohio, and West Virginia. Recognized for superior customer service and business practices, Sheetz boasts annual revenues exceeding $7 billion and employs over 16,000 individuals.
- Address: Altoona, PA
- Asking price $2.75M
- 4.68% cap rate
- NOI $150,000
- 17.5 years remaining
- NNN lease
- Building size: 5,000 SF
- Rent increases: Varies
- Guarantor: Corporate
Location
This Sheetz property is in Altoona, Pennsylvania.
Asset type: Convenience Store