1731 Roanoke Rd
Daleville, VA 24083

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer a brand new, ground leased Sheetz in Roanoke (Daleville), Virginia, a rapidly growing Roanoke suburb. This newly constructed location is subject to a new 15-year triple net ground lease set to commence in early 2019. The lease features ten (10) percent increases during the seven, five-year option periods. Sheetz, headquartered in Altoona, PA, is one of the fastest growing family owned convenience store chains in the world and currently has over 500 locations across six states. They are currently ranked #59 on Forbes Largest Private Company list with sales of approximately $6.6 billion. The Tenant is situated at the signaled intersection of Catawba Road (Route 779) and Roanoke Road (Route 220), a heavily traveled north-south US highway, with combined daily traffic counts of 33,500 vehicles. Sheetz is in immediate proximity to Orchard Marketplace, 45,495-square-foot Food Lion-anchored center, and newly developed Daleville Town Center, a mixed-use development with 28,818 square-feet of retail and 124 residential units. Sheetz benefits from very limited competition in the submarket. There is a Kroger Fuel Station located at the Kroger in Botetourt Commons Shopping Center (1.1-mi) and an Exxon fueling station (1.5-mi) further south along Roanoke Road. Wawa does not have a location in the market, and the nearest 7-Eleven is more than 8 miles southwest in Roanoke. Furthermore, this Sheetz will have a modern carwash which will draw additional traffic to the site. The area only has one dated car wash facility about one mile away.