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5493 Oakcross ln
Frederick, MD 21701
Sheetz · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-Year NNN Ground Lease with Every 5 Years
- No Competition from Modern Larger Format C-Store Competition
- Implied Investment Grade Credit on Growing Expanding 700-unit Operator
- 2.3-Acre Parcel at the “Gateway” to New Residential Cluster
- Directly Off I-70 with 82,000 VPD; Interstate Signage
EXECUTIVE SUMMARY
15-Year NNN Ground Lease Increases - The Tenant, Sheetz Inc., is subject to a 15-year NNN corporate ground lease. The lease features a rental increase of 5% in year 6, and 10% every five years thereafter beginning in year 11. Sheetz operates in a newly constructed 6,000-square-foot store with indoor and outdoor seating, drive-thru, and six fueling pumps that opened in August 2025. The Tenant is making a significant investment into construction estimated at $8-10 Million providing additional security to the offering.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
6,039 SF
Building Class
B
Year Built
2025
Price
$5,094,349
Price Per SF
$843.57
Cap Rate
5.30%
NOI
$270,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.30 AC
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