Sheetz 7335 Lee Hwy

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Sheetz ground lease located at 7335 Lee Highway in Fairlawn, Virginia (“the Property”). Sheetz gas station and convenience store was constructed in 2004. In 2020 Sheetz extensively renovated the premises and executed a new 15-year Absolute NNN Ground Lease with three (3), 5-year renewal options, demonstrating their commitment to the site and the market. The lease calls for 10% rent increases at the start of all three of the five-year renewal options. Sheetz is extremely well located at the signalized intersection of Lee Highway (US Highway 11) and Peppers Ferry Road NW (VA Route 114), the area’s primary commercial and commuter corridors. The Property is an outparcel to the Shoppes at Fairlawn, which is anchored by Anytime Fitness, Omni Place (an upscale Event Venue), and First Bank and Trust Company, and enjoys outstanding frontage, visibility, and access. Sheetz is also just seconds from Walmart Supercenter, Lowe’s and Kroger, the area’s primary shopping destinations which drive traffic to the area. Sheetz is located across the New River from Radford, which offers densely populated residential neighborhoods and Radford University, both of which provide a captive customer base.