Property Details

Sheetz

Dulles, VA
Property ID: 8943

Financial Summary

Asking Price $4,440,000
Cap Rate 5.00%
Net Operating Income (NOI) $222,000
Lease Type Ground Lease, NNN
Lease Term Remaining 15 Years
The Offering Memorandum for this property is no longer available.

Contact

Jeff Bogart
Director
703.596.5602

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Highlights

  • Co-located with Walmart, IHOP, Advance Auto Parts, PetSmart, ALDI, T.J. Maxx & Home Goods
  • Average HH income of $164,432 with a population of 114,113 within 5 miles
  • Strategically situated between Route 50 and Route 28 (adjacent to Dulles Airport) on Route 606 ( Old Ox Rd). VPD forecasted to grow to 100K VPD by 2030 with current expansion of Route 606 from 2 lanes to 8 lanes
  • Subject site is 5 miles from “Silver Line” metro station- expected completion 2019
  • Corporate guarantee (Sheetz annual sales for 2017 was $6.4B)
  • 10% rent increases in option periods

Net Lease Advisor

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Location

Yardley Ridge Dr & VA-606
Dulles, VA

Traci BidingerSheetz