Sheetz | Johnstown, PA

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

490 Central Ave
Johnstown, PA 15902

  • Price: $2,181,818
  • Cap. Rate: 5.50%
  • NOI: $119,999
  • Building Size: 4,800SF
  • Lot Size: .82 AC

Investment Highlights

  • 15 Year Ground Lease Renewal in 2015
  • Zero Landlord Responsibilities
  • 24 Hour Hard Corner Location
  • Tenant has Occupied Property for 17+ Years
  • 18,000+ Vechiles Per Day Pass By The Site
  • Tenant Recently Acquired the Adjacent Land Parcel and Built a Car Wash at their own Cost
  • Sheetz is Privately Owned and Operates Over 500 Locations
  • Strong Demos - Population is 80,000 with an Average Household Income is in excess of $51,000 Within a Five Mile Radius
  • Seven, 5 Year Options to Renew with 10% Increases
  • Perfect 1031 Exchange Replacement Property