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Sheetz | State College, PA - Benner Pike 765 Benner Pike 6,077 SF Retail Building State College, PA 16801 $5,733,000 ($943.39/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime State College Location: Across from the new Happy Valley Casino and near Penn State University (88K+ students).
- Proven Tenant Commitment: Sheetz has operated here 25 years and rebuilt the site in 2019 with a modern 6K+ SF prototype.
- Strong Corporate Guarantee: Backed by Sheetz, Inc. ($14B+ revenue, 800+ stores), ranked #27 on Forbes’ largest private companies.
- Major Retail Hub: Surrounded by Walmart, Sam’s Club, ALDI, Tractor Supply, and other national retailers.
- Long-Term, Passive Lease: 20-year absolute-net ground lease with built-in rent increases and 50-year total potential term.
- Excellent Access & Visibility: High-traffic corridor near I-99, East College Ave, and dense regional retail.
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
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Sheetz is a privately held family-owned convenience store and gas station chain founded in 1952 and headquartered in Altoona, Pennsylvania. It operates more than 800 stores across seven states—Pennsylvania, West Virginia, Maryland, Ohio, Virginia, North Carolina, and Michigan—serving motor vehicle fuel, beer, wine, tobacco, snacks, and made-to-order foods (such as subs, salads, pizzas, and specialty coffee) via touchscreen kiosks. Under the leadership of President and CEO Travis R. Sheetz, the company continues its long-standing tradition of innovation in fast convenience retail. Sheetz has expanded steadily from its origins, with notable milestones including the introduction of self-service gas pumps in the early 1970s and in-store kiosks in the 1990s. It remains a significant player in its markets, with over US $7 billion in annual revenue as of FY 2021.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-002B-080-0000 | Improvements Assessment | $416,330 |
| Land Assessment | $274,500 | Total Assessment | $690,830 |
PROPERTY TAXES
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Sheetz | State College, PA - Benner Pike | 765 Benner Pike
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