Your email has been sent.
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
-
- Retailer
- -
- -
- -
Sheetz is a privately held family-owned convenience store and gas station chain founded in 1952 and headquartered in Altoona, Pennsylvania. It operates hundreds of stores - 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 | ||
|
|
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
Presented by
Sheetz | State College, PA - Benner Pike | 765 Benner Pike
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.