Sheetz

Interested in selling your Sheetz NNN property or Sheetz ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Sheetz NNN property for sale or Sheetz ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Sheetz NNN property or the inclusion of a Sheetz ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Sheetz properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 16, 2024, Sheetz has 717 locations across the United States. This number is constantly growing as the company continues to expand.

Revenue and income

Sheetz does not publicly disclose its revenue or income figures. However, it is estimated to be one of the largest convenience store chains in the United States, with annual revenue exceeding several billion dollars.

Future plans

Sheetz is committed to continued expansion. In April 2022, they announced plans to enter the Dayton, Ohio market 2024, marking their first foray into competition with Casey’s. Additionally, they are constantly innovating their stores and menu offerings to meet customers’ evolving needs.

Corporate vs. franchise

Unlike many other convenience store chains, Sheetz operates all its stores as corporate-owned and operated locations. They do not offer franchise opportunities.

Additional information about Sheetz properties

Sheetz History

Established in 1952 by G. Robert “Bob” Sheetz, Sheetz originated as a dairy store in Altoona, Pennsylvania. Shifting its focus to convenience items and inspired by 7-Eleven, the store was renamed “Sheetz Kwik Shopper” in 1963. Bob and Steve Sheetz expanded strategically, adding gasoline pumps in 1973 and launching a renowned food service program in 1981. The brand dropped “Kwik Shopper” in 1983 and introduced the “Made-To-Order” program in 1990, emphasizing fresh, personalized food. Stan Sheetz took over as CEO in 1995, leading innovations like the “convenience restaurant” concept in 2004. Today, Sheetz, with over 660 stores across six states, remains a family-owned company known for fresh food, friendly service, and convenient offerings.

Why Invest in Ground Lease and NNN Lease of Sheetz?

1) Sheetz NNN Property Investment: Stable income

2) Sheetz NNN Property Investment: Established tenant

3) Sheetz NNN Property Investment: Low management responsibility

4) Sheetz NNN Property Investment: Favorable lease terms

5) Sheetz NNN Property Investment: Real estate value

Sheetz’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.

Pros and Cons of Sheetz Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Sheetz’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.