Listed by Sands Investment Group Charleston, Sands Investment Group Philadelphia
$2,776,763
Sheetz Fredericksburg, VA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,122
Cap Rate 5.5%
NOI $152,772
Occupancy 100%
Tenancy Single
Brand/Tenant Sheetz
Lease Type Absolute NNN
Lease Term 15.2
Lease Expiration 07/31/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options 5 x 5 Year Options
Price per SqFt $454
Year Built 2013
Acreage 1.910
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/21/2013
Ground Lease No
Sheetz | I-95 Corridor | Corporate Ground Lease | 800+ Unit Operator | DC MSA
Marketing description
Sands Investment Group is pleased to exclusively offer the 6,122 SF Sheetz located at 9825 Hospital Boulevard in Fredericksburg, VA. This property is strategically located adjacent to the Spotsylvania Regional Medical Center and Cosner's Corner within the Washington, DC MSA. This deal is structured as a corporately guaranteed, Absolute Triple Net (NNN) Ground Lease providing income stability and zero landlord responsibilities. Further, the lease features 5, 5-year options with 3% rental increases, ensuring predictable NOI growth over time. Investors seeking a stable, income-generating asset will find this property to be a compelling opportunity in a thriving market with a diverse consumer base and a well-established commercial landscape.
Investment highlights
- Strong Tenant: Corporately guaranteed by Sheetz, a leading national convenience and fuel operator with 800+ locations and $14B+ in 2025 sales, backed by consistent expansion.
- Long-Term Passive Investment and Contractual Rent Growth: The property features an Absolute Triple Net (NNN) Ground Lease with 2 years of primary term remaining, with 5, 5-year options remaining at 3% increases every 5 years, providing a long-term, stable investment.
- Strategically Located: Positioned on an outparcel to Spotsylvania Regional Medical Center and in proximity to Cosner's Corner, a 1,000,000+ SF regional power center anchored by Publix, Target, and Lowe's Home Improvement.
- Dense National Tenant Synergy: The immediate area features a dense concentration of national and credit tenants, including Walmart Supercenter, Kohl’s, PetSmart, Starbucks, and Chick-fil-A, creating a dominant retail destination and driving significant crossover traffic.
- Prime Interstate Location: Immediately off I-95, serving as a key community stop between Washington, DC, and Richmond.
- Strong Market Fundamentals: Fredericksburg offers a stable and growing economy with high median incomes and access to both DC and Richmond employment bases.
- Excellent Visibility & Access: Signalized intersection, dedicated turn lane, and prominent pylon signage.
Listing Contacts
Listed by Sands Investment Group Charleston, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,772.00
$12,731.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
C-3 CommercialSpecial CommercialCommercial Highway
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View all 73 uses Last updated Feb 17, 2026 For deeper zoning details, reports are available at Zoneomics
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