x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Sheetz Ground Lease, Lemont Furnace, PA

Sheetz Ground Lease

Lemont Furnace, PA

Price $2,887,000
Cap Rate 4.85%
NOI $140,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot.
Rental Increases 10% Rental Increases In Option Periods
Year Built 2021
Building Size 6,077 SF
Lot Size 2.90 Acre (126,327 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE TO CORPORATE SHEETZ
» Absolute NNN ground lease requires no landlord management, ideal for an out of area investor
» 10% rental increases in option periods, providing an excellent hedge against inflation
» Sheetz is one of the largest privately owned chains of convenience stores in the U.S. with more than 600 locations and over $7.5B in annual revenue
» Sheetz is investing significant capital into the construction, providing a safe investment for passive investors

CENTRAL LOCATION IN WELL POPULATED AND GROWING AREA
» Located at the signalized corner of University Drive and Eberly Way, with excellent visibility and access to 21,344 vehicles per day at the intersection
» 72,058 residents live within a 10-mile radius of the property
» Projected 10% average annual household income increase within one-mile of the site in the next five years, poising Lemont Furnace and Sheetz for concurrent growth

EXCELLENT VISIBILITY NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to Lemont Furnace’s largest shopping centers, including Uniontown Mall and Fayette Crossing
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Target, Lowe’s, The Home Depot, TJ Maxx, Big Lots, and many more
» Central location within the Laurel Highlands School District (2,973 students)
» Less than three miles from the Fayette County Fair Grounds (100,000 annual attendees), which hosts one of the largest fairs in Pennsylvania
» Gateway to Downtown Pittsburgh, the second-most populous city in Pennsylvania

NEW 2021 CONSTRUCTION TO TENANT’S LATEST PROTOYPE
» Location includes a freestanding restaurant with a drive-thru window and canopied gas pumps for added customer convenience
» Upgraded construction with brick façade



Property Description

The property is strategically located at the signalized hard-corner of U.S. Route 119/University Drive and Eberly Way, with excellent visibility and access to 21,344 vehicles per day at the intersection. A total of 72,058 residents live within a 10-mile radius of the property, with an average household income of $72,915 within a one-mile radius. The site is also poised for significant future growth, with a projected 10% average annual household income increase within one-mile of the site in the next five years.

The property is centrally located near major employers and community hubs. The location features a beneficial proximity to Lemont Furnace’s largest shopping centers, including Uniontown Mall and Fayette Crossing. The site is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Target, Lowe’s, The Home Depot, TJ Maxx, Big Lots, and many more. The property is centrally located within the Laurel Highlands School District (2,973 students), serving the North and South Union Townships encompassing approximately 55 square miles. The Joseph A. Hardy Connellsville Airport resides less than two miles from the site and provides a convenient stopping place for tourism in the region. The Fayette County fairgrounds is located less than three miles from the site and ranks as one of the largest fairs in Pennsylvania (100,000 attendees). The site also serves as a common gateway to Downtown Pittsburgh, the second-most populous city in Pennsylvania.

Contact Us About This Property

Ryan & Vince & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link