300 Racetrack Rd - Convenience Store FOR SALE
Washington, PA 15301 |
$2,808,000 USD
215-603-6914
300 Racetrack Rd
Washington, PA 15301
HIGHLIGHTS
- Prime signalized corner location with exclusive access to Hollywood Casino at the Meadows, a top-tier national hotel/casino.
- Absolute-net ground lease requires no landlord management, ensuring passive ownership.
- Corporate guarantee from Sheetz, Inc., the 27th largest private company with $14B+ revenue in 2023.
- Over 10 years remaining on the lease with 10% rental increases in seven renewal options.
- Situated in a dense, affluent, and growing submarket with strong demographics and a built-in customer base from adjacent hotels.
- Surrounded by national retailers and accessible via high-traffic routes, ensuring excellent visibility.
FOR SALE DETAILS
PRICE
$2,808,000 USD
PRICE/SF
$897 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sheetz
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
LAND ACRES
1.78 AC
LAND SF
77,493 SF
ZONING
-
APN/PARCEL ID
5200110000001609
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215-603-6914
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215-603-6914
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