Overview

The nature of the business concept behind Sheetz generally offers a level of stability when markets fluctuate. This is because they differentiate from the usual C-store concept with the addition of ready-to-go foods, integrating this added value into each retail location. This has the effect of boosting annual sales revenues, and makes them a higher quality net lease investment. In fact, one of the most desirable reasons is due to tenants usually staying at the property when leases expire, inherent to the nature of the business. Ground leasing is also common and Sheetz corporate typically pays for the building and equipment installations costs in advance.

TENANT DESCRIPTION

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.