Documents
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Attributes
Year Built | 2021 |
Building Area Gross |
|
Land Area Gross |
|
Occupancy | 100.0 % |
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer a freestanding Sheetz ("The Property"), located in Monroe County, PA, just minutes away from Mount Pocono and Camelback Mountain. The Property offers convenience and gas pumps located along a signaled intersection at PA Route 611 (+25,000 VPD) and Discovery Drive. Sheetz commenced operations in 2021 with a 15-year initial term and Seven (7), Five (5) year options remaining.
Investment Highlights
Brand New 2021 Construction
- Opened in July 2021
- First Sheetz location in Monroe County
Absolute 15-Year NNN Ground Lease
- 10% Increases in option periods only
Family Owned Convenience / Gas Store Serving a Loyal Consumer Base
- Sheetz has over 625 stores, with nearly half of their stores located in Pennsylvania
- Sheetz built 30 new stores in 2021 and targets a net store growth of 5%per year
Signaled Intersection with Dedicated Turn Lanes along Heavily Trafficked PA Route-611
- Over 25,000 VPD along Route 611
Proximate to Strong Economic Demand Drivers
- Camelback Resort, Mount Airy Casino, Great Wolf Lodge, Sanofi Office Headquarters (across the street) all within 10-miles to the subject