Log In/Sign Up
Your email has been sent.
11500 W Broad St
Richmond, VA 23233
Sheetz - Richmond (Short Pump) VA · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Established & Growing Brand
- Next to Short Pump Village, Short Pump Town Center | Dense Retail Corridor | Adjacent to Walmart Supercenter
- Located Along W Broad St | Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Rare Henrico County Retail Opportunity | High Barriers To Entry | Growing Area with Numerous Surrounding Developments
- Strong Demographics In 5-mile Trade Area
Executive Summary
• The tenant recently signed a brand new 20-year lease with 7 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rent increases every five years beginning year 11
• Founded in 1952, Sheetz is among America’s fastest-growing, family-owned and operated convenience store chains with over 800 locations. Implied investment grade credit; #43 Forbes Top Private Companies
• The lease features 10% rent increases every five years beginning year 11
• Founded in 1952, Sheetz is among America’s fastest-growing, family-owned and operated convenience store chains with over 800 locations. Implied investment grade credit; #43 Forbes Top Private Companies
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,959 SF
Building Class
B
Year Built
2027
Construction Status
Proposed
Price
$7,800,000
Price Per SF
$1,572.90
Cap Rate
5%
NOI
$390,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.60 AC
Zoning
M-1
Parking
28 Spaces (5.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 739-762-8217 | Improvements Assessment | $2,073,100 |
| Land Assessment | $2,012,300 | Total Assessment | $4,085,400 |
Property Taxes
Parcel Number
739-762-8217
Land Assessment
$2,012,300
Improvements Assessment
$2,073,100
Total Assessment
$4,085,400
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
