2425 Market St - Convenience Store FOR SALE


North Warren, PA 16365
$3,652,000 USD
215-603-6914
2425 Market St, North Warren, PA for Sale
$3,652,000 USD
Convenience Store - FOR SALE
1/6
null | 5.4% Cap Rate

2425 Market St
North Warren, PA 16365


HIGHLIGHTS

  • Sheetz has been continuously operating in this location since 2012 and recently extended their lease for another 15yrs of firm term
  • Rare build-to-suit structure which not only offers depreciation, but accelerated depreciation
  • Lease is corporately guaranteed by Sheetz, Inc., one of America’s fastest-growing convenience store chains with over 700 locations
  • Sheetz’s new 6,000+ square foot all-brick convenience store with drive-thru, 7 gas dispensers for a total of 14 pumps including diesel fuel
  • Strategically positioned next to two of the largest retail traffic generators in the industry in Walmart and Lowe’s
  • The only full-service convenience center in the area offering made-to-order food, fresh coffee, beer and wine sales, drive-thru/delivery, & more

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,432 SF Sheetz on 5.238 acres in North Warren, Pennsylvania. The property features a true absolute NNN lease with 15 years of firm term remaining, requiring no landlord responsibilities—a fully passive investment. The lease includes 10% rental increases every 5 years in the option periods, ensuring consistent income growth. This strong-performing location has been operating since 2012, and Sheetz recently extended its lease for another 15 years, reinforcing its commitment to the site. Unlike typical ground leases, this is a rare build-to-suit Sheetz, allowing for accelerated depreciation benefits that may enhance tax advantages (consult your tax advisor). Positioned along Market Street (16,328 VPD), a key commercial corridor, Sheetz benefits from high visibility, five points of ingress/egress, and proximity to major retailers like Walmart and Lowe’s, ensuring steady customer traffic. It is also the only full-service convenience center in the area, offering made-to-order food, fresh coffee, beer and wine sales, free Wi-Fi, and 24/7 operations, making it the preferred stop for commuters and travelers. The lease is corporately guaranteed by Sheetz, Inc., a top private company with 700+ locations, $14B+ in revenue (2024), and ongoing expansion plans. With zero landlord responsibilities, strong tenant commitment, built-in rental escalations, and limited competition, this Sheetz investment offers long-term stability in an established market.

FOR SALE DETAILS

PRICE

$3,652,000 USD

PRICE/SF

$812 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.24 AC

LAND SF

228,254 SF

ZONING

B

APN/PARCEL ID

WN-545-554600-000

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.