Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,500,000 - $4,000,000|
|Average NOI||$100,000 - $200,000|
|Lease Term||15 - 20 Years|
Founded in 1952, Sheetz, Inc. has been operating successfully for over sixty years with their unique family owned and run chain of convenience stores. It began in Altoona, PA, when Bob Sheetz decided to buy a dairy store in town, and the rest is history.
With superior customer service and optimal business practices from food delivery, management, and technological integrations, Sheetz has grown to over 535 properties operational along the East coast, including states like PA, NC, MD, VA, OH, and WV.
Named as ‘Top Place to Work in PA’ by the Team PA Foundation alongside the PA Dept. of Community and Economic Development in 2015, just one year prior in 2014 they showed up on Fortune’s yearly “One hundred best companies to work for”. Revenues exceed a staggering six billion dollars annually with over sixteen thousand workers employed at retail sites, support locations, and at their company headquarters.
|Number of Locations||659|
|Key Principal||Travis R. Sheetz|