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Virtual Drive-By

Sheetz Absolute NNN

3015 Lehigh St · Allentown, PA null · Convenience / Fuel

Asking price
$9,915,789
Cap rate
4.75%
NOI
$471,000

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration02/2046
Rent bumps—
Options6 (5-Year)
Ground leaseYes
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF6,049
Price / SF$1,639
Year built2025
Lot size3.16 ac
TypeConvenience Store, Gas Station
Days on market419

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Property overview

Brand new 20-year absolute NNN ground lease with zero landlord responsibilities.​ Tenant (Wawa, Inc.​) is responsible for all taxes, insurance, CAM, and maintenance.​ Corporate-signed lease backed by an investment-grade tenant (Fitch: BBB) with 1,000+ locations nationwide.​

Lease Overview

  • ​Asking Price: $9,915,789 | Cap Rate: 4.75%
  • ​NOI: $471,000/yr | Rent Commencement: February 2026
  • ​Lease Term: 20 Years | Expiration: February 2046
  • ​Rental Increases: 10% every 5 years beginning Year 11
  • ​Options: Six (5-year)

Property

  • ​6,049 SF building on 3.16 acres | Built 2025
  • ​Zoning: Highway Business (HB) | Flood Zone X

Location Situated at the signalized intersection of Lehigh Street and I-78 (115,000 VPD), one of the Lehigh Valley's highest-traffic retail corridors.​ Surrounded by AutoZone, ALDI, Cheez-It, McDonald's, and Dunkin'.​ Over 120,000 residents and 50,000 employees within 5 miles.​ Average household income $92,500 within 5 miles.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.