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Sheetz

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Location / Contact

1019 Morrisville Parkway
Morrisville, NC

For more information, contact:
Stephanie May Beaumier
CASTO
614.744.3404

General Info

Status AVAILABLE
Property Type Single Tenant
Other Info Ground Lease
Price $2,325,000
Cap Rate 4.65%
Building Size 6,407 sq. ft.
Land Area 2.598 acres

Key Demographics

0-Mile
Radius
5-Mile
Radius
Population N/A 169,366
Daytime Population N/A 125,656
Median Age N/A 37 Yrs.
Households N/A 65,622
Avg. Household Income N/A $116,130
# of Businesses N/A 6,669
# of Employees N/A 87,025

Description

15 Year NNN Ground Lease
This absolute NNN lease features zero landlord responsibilities and has over thirteen (13) years remaining in the initial lease term..

Tenant Privately Owned and Operated
Sheetz is a privately owned and operated company, with over $7 billion in annual revenues and operating over 500 locations across six states. Sheetz ranked #55 on Forbes America’s Largest Private Companies List of 2016.

Significant Rent Increases
The lease features a ten percent (10%) increase in January, 2026, and also in each of the four (4) five-year renewal options.

Limited Competition
This location boasts extremely limited competition with only one convenience store/gas station within a 1-mile radius.

Prime Location at Park West Village
Situated at the heart of one of the most desirable locations in the country, Park West Village is a new 100-acre mixed-use development that includes a town center district, a community center with sought-after major retail anchors, upscale casual restaurants and a movie theater, all of which will be mixed with residential (500+ units) and hospitality.

Appealing Submarket
Morrisville is located just south of the Research Triangle Park, which boasts a daytime population of 49,000 employees, is a major driver of the explosive growth in the area. Residential development in the area is is expected to add approximately 7,000 housing units to the submarket over the next three years.

Superior Demographics
This location boasts superior demographics, with an estimated population of 169,366 and estimated average household income of $116,130 within a 5-mile radius.