Broker of Record Kyle Matthews License No. 22602771 (VA) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 3109195757
Brand new construction Sheetz – 15-year corporate ground lease.
Small price point, new construction convenience store and gas station with below market rent
Complete hands-off investment opportunity; Sheetz is solely responsible for the cost attributed to the build-out of the improvements on the property
Significant capital contribution made by Sheetz, which creates added incentive to remain long-term at their chosen locations
10% rental increases during the option periods providing long term appreciation and a strong hedge against inflation.
Subject property is located on a high traffic corridor (Virginia 144) which has approximately 33,000 VPD. The subject property will have direct access on and off Virginia 144 and will have multiple points of ingress and egress
Ideally situated adjacent to Colonial Harley Davidson and down the street from Southpark Mall a 672,902 SF mall with approximately 86 stores anchored by JC Penny, Regal Cinemas, Dicks Sporting Goods & Macy’s. Other retailers in the immediate trade are Lowes, Home Depot, Walmart, Target, Sam’s Club, JC Penney, Macy’s, BWW, Applebee’s, Ashley Furniture, Outback, Wendy’s, Taco Bell, Five Guys amongst many others.
Less than 1-mile from Fort Lee, a United States Army post and headquarters of the United States Army Combined Arms Support Command, Sustainment Center of Excellence, the U.S. Army Quartermaster School, the U.S. Army Transportation School, the Army Logistics University, Defense Contract Management Agency and the U.S. Defense Commissary Agency.
±1.8MM square feet of retail shopping centers within ±1.5 miles of site