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NOI Net Operating Income N/A
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Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Gross
Land Area Gross ()

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer a freestanding Sheetz, located in Monroe County, PA, just minutes away from Mount Pocono and Camelback Mountain (the “Property”). 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
Last Updated Date: 01 Mar 2022

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Last Updated Date: 01 Mar 2022

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