133 Botanical Blvd 6,139 SF Retail Building Winchester, VA 22603 $4,781,000 ($778.79/SF) 5.25% Cap Rate

INVESTMENT HIGHLIGHTS

  • 15-YEAR CORPORATE LEASE
  • Within site distance from Route 37, a primary north/south connector
  • 2.04-acre parcel is positioned between Valley Heath (regional hospital)

EXECUTIVE SUMMARY

NEW 15-YEAR CORPORATE LEASE – The fifteen-year ground lease commenced in December 2023 and is backed by Sheetz Inc. The company made a significant upfront investment in the building construction and all equipment. The 2.04-acre parcel is positioned between Valley Heath (regional hospital) and a high performing Walmart on Route 50, which provides a direct connection to downtown Winchester and Route 37. Within site distance from Route 37, a primary north/south connector, and surrounded by strong economic drivers, the portion of Route 50 immediately in front of the subject property yields a strong traffic count in excess of 35,000 vehicles per day. Sheetz is one of the most recognizable convenience concepts in the mid-Atlantic and among the most desirable investments given the strong performance and balance sheet. Sheetz distinguishes itself from other C-stores with its made-to-order food, leading to substantial revenue generation compared to conventional C-stores.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,139 SF
Year Built
2023
Price
$4,781,000
Price Per SF
$778.79
Cap Rate
5.25%
NOI
$251,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.04 AC
Frontage
200’ on Northwestern Pike

NEARBY MAJOR RETAILERS

United Bank
First Bank
IHOP
Applebee's
Starbucks
Atlantic Union Bank
Truist
  • Listing ID: 34820312

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 133 Botanical Blvd, Winchester, VA 22603