March 4, 2025 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Sheetz in Fairlawn, Virginia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,024,197.
Sheetz is located at 7335 Lee Highway in Fairlawn, Virginia. Sheetz Gas Station and Convenience Store was constructed in 2004. In 2020 Sheetz extensively renovated the premises and executed a new 15-year Absolute NNN Ground Lease with three (3), 5-year renewal options, demonstrating their commitment to the site and the market. The lease calls for 10% rent increases at the start of all three of the five-year renewal options. Sheetz is extremely well located at the signalized intersection of Lee Highway (US Highway 11) and Peppers Ferry Road NW (VA Route 114), the area’s primary commercial and commuter corridors. The Property is an outparcel to the Shoppes at Fairlawn, which is anchored by Anytime Fitness, Omni Place (an upscale Event Venue), and First Bank and Trust Company, and enjoys outstanding frontage, visibility, and access. Sheetz is also just seconds from Walmart Supercenter, Lowe’s and Kroger, the area’s primary shopping destinations which drive traffic to the area. Sheetz is located across the New River from Radford, which offers densely populated residential neighborhoods and Radford University, both of which provide a captive customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.