Sheetz
Brand New Construction 15 Year Absolute NNN Ground Lease - Washington D.C. MSA - Northern Virginia
Marketing description
Introducing SHEETZ GROUND LEASE in Fredericksburg, VA! This brand-new construction features a 15-year Absolute NNN Ground Lease in the sought-after Washington D.C. Metropolitan Statistical Area. The property boasts a sale price of $4,369,000 with a 5.15% CAP rate, generating a solid NOI of $225,000.
Investment highlights of this prime location include an Absolute NNN Ground Lease, attractive rent escalations with 10% increases every five years, and a strong corporate guarantee by Sheetz, a top national convenience and fuel operator. This newly constructed 5,000 SF building on 3.92 acres offers the convenience of a high-capacity fueling configuration, a prime corner location with high traffic counts, and proximity to the Spotsylvania Sportsplex.
Located in the high-growth Fredericksburg submarket, this property presents an exceptional investment opportunity in a thriving area just 55 miles south of Washington, D.C. Don't miss out on this outstanding investment at 9945 Tidewater Trail, Fredericksburg, VA 22408.
Investment highlights
- Absolute NNN Ground Lease - Zero landlord responsibilities, providing truly passive and hands-off ownership.
- Attractive Rent Escalations - 10% rent increases every five (5) years, delivering strong long-term income growth and inflation protection.
- Strong Tenant - Corporate guarantee by Sheetz, a leading national convenience and fuel operator with 800+ locations and more than $14B in annual sales.
- Brand New 2026 Construction - Newly constructed, purpose-built improvements with modern design standards and minimal future capital requirements.
- High-Capacity Fueling Configuration - Domino 6 design to maximize customer throughout and fuel sales.
- Prime Corner Location - Signalized corner of Tidewater Trail (VA Route 2) and Mills Drive / Business Route 17 with traffic counts exceeding 24,000 vehicles per day.
- Oversized 3.92-Acre Parcel - Large 3.92-acre site offering the tenant the ability to expand and providing long-term flexibility for future growth.
- Regional Soccer Destination - The nearby Spotsylvania Sportsplex, a 20+ field soccer complex managed by Fredericksburg Area Soccer Association (FASA) and Virginia Youth Soccer Association (VYSA), hosts leagues and tournaments that bring substantial weekend traffic and year-round activity to the area
- Washington, D.C. MSA Location - Located approximately 55 miles south of Washington, D.C., one of the nation’s most affluent and economically stable metropolitan areas with more than 6 million residents.
- High-Growth Fredericksburg Submarket - Positioned in the rapidly expanding southeastern portion of Fredericksburg, surrounded by numerous newly completed and planned residential developments.
- Major Mixed-Use Development Adjacent - A new 188-acre mixed-use project is planned immediately adjacent to the property, featuring approximately 425 residential units including apartments, townhomes, and upscale single-family homes, along with commercial development. In addition, McDonald’s recently signed a ground lease two parcels from the site, further validating the strength of the corridor.
- Affluent & Dense Consumer Base: The property is supported by strong regional demographics, with 179,000+ residents within a 10-mile radius and average household incomes exceeding six figures within one mile. Surrounding home values of $350,000+ further reinforce the area’s strong purchasing power and long-term growth
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