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Sheetz Properties For Sale 

    



Interested in Purchasing a Sheetz Property for Investment?

 

If you wish to purchase a  Sheetz property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Sheetz Properties for sale in Washington DC, Maryland, Virginia and the entire United States.  

 

 

shee

 

 
Price: 

$2M - $5M


Lease Term
:

10 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
4.75% – 5.25%
  

Private
Industry Convenience stores
Fast food
Gas stations
Founded 1952
Founder Bob Sheetz
Headquarters Altoona, Pennsylvania,U.S.
Number of locations 
500+[1]
Areas served 
Mid-Atlantic,Appalachia,Ohio
Key people 
Joseph S. Sheetz, President & CEO
Stanton R. Sheetz, Chairman
Steve Sheetz, Family Council Chairman
Products MTO, Sheetz Bros. Coffee, Gasoline
Revenue $5.23 BillionUSD[2](2011)
Number of employees 
more than 13,600[2](2011)
Slogan "Fresh food made to order"
Website

Sheetz.com

 

 

 

 

 

About  Sheetz :

 

 

Sheetz, Inc.is a chain of gas stations/convenience stores owned by the Sheetz family. Its headquarters are in Altoona, Pennsylvania.[3] Stores are located in Maryland,  North Carolina, Ohio, Pennsylvania,  Virginia, and West Virginia.

Sheetz has long employed the "Z" that the name ends with, and the "Sh" that the name begins with, in various marketing efforts. These include the Sheetz loadable gift card, the "Z" card; the Sheetz chicken wings, known and marketed as "Shwingz"; the Sheetz breakfast sandwich, known and marketed as "Shmuffinz"; and their "Nachoz."  

 

Sheetz, Inc was founded by Bob Sheetz in 1952 when he purchased one of his father's five dairy stores located in Altoona, Pennsylvania. In 1961, Bob hired his brother Steve to work part-time at the store. Sheetz family rooted from German  Lutheran  family of 1700s.[4][5]

In 1963 the second store was opened under the name "Sheetz Kwik Shopper." Five years later, they opened the third store. In 1969, Steve joined Bob in the business as general manager. The brothers planned to expand at the rate of one store per year with a target of seven stores by 1972. In 1972, the company expanded from seven to fourteen stores. One year later, Sheetz added gasoline pumps and introduced self-serve gasoline to Central Pennsylvania. 

By 1983, Bob and Steve had opened 100 stores. The following year, Bob retired and handed over the leadership of the company to his brother Steve. 

In 1995, Stan Sheetz, Bob's son, became president and Steve assumed the position of Chairman of the Board. To this day, Sheetz maintains a family business with five family members serving on the Executive Committee. 

During the mid-1990s, Sheetz also sold It! Cola, the chain's own private-label  brand of soft drinks available in cans, bottles, and as fountain drinks. Despite a cult following, the drink was discontinued for unknown reasons and the fountains were replaced with Pepsi  products. The chain now has both Pepsi and Coca-Cola  products in the fountains, though in older stores with fewer fountain spots available it is still predominantly Pepsi products, with Coca-Cola and  Diet Coke  as the only Coke-related options.

In 2003, Sheetz opened a concept store in the food court of Hanes Malli n Winston-Salem, North Carolina. This location offered Sheetz' made-to-order foods and fountain beverages in a more traditional fast food layout; it did not function as a convenience store.[6] The store has since closed.

In early 2004, Sheetz opened the world's first "Convenience Restaurant" in Altoona, PA. In December 2004 they began offering the new Sheetz MasterCard PayPass with RFID  technology built into the card, and was one of the first retailers of any sector to accept such technology, ahead of McDonald's,  Arby's,  CVS, and rival 7-Eleven, all of which rolled it out nationally in 2006.

On July 10, 2006 Sheetz became Pennsylvania's  second retail chain to offer E85  ethanol-based fuel alternative at the select stations.[7][8]

Mitchell Silver, the head of urban planning in  Raleigh,  North Carolina, was allegedly assaulted by a woman in 2013 after voting to proceed with re zoning  to allow a new Sheetz on a property.[9]

Sheetz now has more than 400 locations across six states — Pennsylvania, Maryland, Virginia, West Virginia, Ohio and North Carolina — and more than 13,600 employees. All Sheetz stores are company-owned-and-operated. The company has no plans to sell franchises.[10] 

Published in 2013, Kenneth Womack's Made to Order: The Sheetz Storytraces the company's history from its dairy-store origins through the present day.

 

Sheetz   Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



 

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