Description
15-YEAR CORPORATE LEASE " The fifteen-year ground lease commenced in December 2023 and is backed by Sheetz Inc. The company made a significant upfront investment in the building construction and all equipment. The 2.04-acre parcel is positioned between Valley Heath (regional hospital) and a high performing Walmart on Route 50, which provides a direct connection to downtown Winchester and Route 37. Within site distance from Route 37, a primary north/south connector, and surrounded by strong economic drivers, the portion of Route 50 immediately in front of the subject property yields a strong traffic count in excess of 35,000 vehicles per day. Sheetz is one of the most recognizable convenience concepts in the mid-Atlantic and among the most desirable investments given the strong performance and balance sheet. Sheetz distinguishes itself from other C-stores with its made-to-order food, leading to substantial revenue generation compared to conventional C-stores. NOI of $251,000.
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0BEDS
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2.04ACRES
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0BATHS
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01/2 BATHS
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6,139SQFT
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$779$/SQFT
School Ratings & Info
Description
15-YEAR CORPORATE LEASE " The fifteen-year ground lease commenced in December 2023 and is backed by Sheetz Inc. The company made a significant upfront investment in the building construction and all equipment. The 2.04-acre parcel is positioned between Valley Heath (regional hospital) and a high performing Walmart on Route 50, which provides a direct connection to downtown Winchester and Route 37. Within site distance from Route 37, a primary north/south connector, and surrounded by strong economic drivers, the portion of Route 50 immediately in front of the subject property yields a strong traffic count in excess of 35,000 vehicles per day. Sheetz is one of the most recognizable convenience concepts in the mid-Atlantic and among the most desirable investments given the strong performance and balance sheet. Sheetz distinguishes itself from other C-stores with its made-to-order food, leading to substantial revenue generation compared to conventional C-stores. NOI of $251,000.
Listing information © 2025 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2025-03-24T21:12:53.49.