1002 California Ave
Natrona Heights, PA 15065
Sheetz | Brand New 15-Year NNN Ground Lease · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer a brand new, ground leased Sheetz in Natrona Heights, Pennsylvania, a northeast suburb of Pittsburgh. This newly constructed location is subject to a new 15-year triple net ground lease. The rent commenced in August 2016 and features ten (10) percent increases in the option periods. Sheetz, headquartered in Altoona, PA, is one of the fastest growing family owned convenience store chains in the world and currently has over 510 locations across six states. They are currently ranked #55 on Forbes Largest Private Company list with sales of approximately $6.2 billion. The tenant selected this site for two main reasons. First, the Property is located two miles off of the heavily traveled Allegheny Valley Expressway (Route 28), a major north-south artery serving Western Pennsylvania. Allegheny Valley Expressway has recently undergone major design improvements that now permit free flowing traffic without signals from the Natrona Heights interchange to downtown Pittsburgh and the Inter-national Airport. Secondly, strategically, this intersection averages 22,360 vehicles per day and features a newly added traffic signal which further enhances the site’s prominence and accessibility. The Tenant is situated adjacent to a newly constructed CVS/pharmacy and nearby to notable retailers Rite Aid, First Niagara, McDonald’s and Big Lots-anchored Heights Plaza, a 449,253-square-foot center which includes Planet Fitness, Dollar General and PNC Bank. The Property also benefits from immediate proximity to area Middle and High Schools, and Alleghany Valley Hospital, a 228-bed hospital that supports more than 160,000 residents in portions of Allegheny, Butler, Westmoreland and Armstrong counties. Each of these uses provide continuous traffic and customers for this Sheetz location.