December 17, 2024 – Kyle Danielson and Austin Smith of Horvath & Tremblay have successfully completed the sale of a new construction Sheetz in Chantilly, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $7,090,909.
Sheetz is located at 25681 Branch Rail Drive in Chantilly, Virginia. The new construction stand-alone Sheetz convenience store and gas station was completed in 2024 and has 19+ years remaining on an Absolute NNN Ground Lease with six (6), 5-Year Options. The lease features attractive 10% rent increases every 5 years throughout the primary lease term and at the start of each of the six renewal option periods. The newly constructed Sheetz is part of the new 97,000 square foot Whitman Farm retail center. In addition to Sheetz, retailers include Lidl, Dunkin’, Baskin-Robbins, Virginia Tire and Auto, and other inline tenants. Sheetz is well positioned adjacent to the intersection of Gum Spring Road and Braddock Road, the area’s primary commuter corridors. Sheetz enjoys outstanding visibility and frontage and is within 1.5-miles of six schools. Additionally, the property is surrounded by densely populated residential neighborhoods that provide a built-in and captive customer base. The Property is 2.5 miles from US Highway 50, the area’s main retail corridor and is convenient to Dulles International Airport. Chantilly is a suburb of Washington, DC and is 35-miles west of the city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.