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Virtual Drive-By

Sheetz Absolute NNN

9825 Hospital Boulevard · Fredericksburg, VA 22408 · Convenience / Fuel

Asking price
$2,776,763
Cap rate
5.50%
NOI
$152,772

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Lease

Lease typeAbsolute NNN
Term remaining2.0 yrs
Expiration07/2028
Rent bumps3% at Each Option
Options5 x 5 Year Options
Ground leaseNo
Credit profileCorporate 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 SF6,122
Price / SF$454
Year built2013
Lot size1.91 ac
TypeConvenience Store, Gas Station
Days on market30

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.

Investment highlights

  • ​Strong Tenant: Corporately guaranteed by Sheetz, a leading national convenience and fuel operator with 800+ locations and $14B+ in 2025 sales, backed by consistent expansion.
  • ​Long-Term Passive Investment and Contractual Rent Growth: The property features an Absolute Triple Net (NNN) Ground Lease with 2 years of primary term remaining, with 5, 5-year options remaining at 3% increases every 5 years, providing a long-term, stable investment.
  • ​Strategically Located: Positioned on an outparcel to Spotsylvania Regional Medical Center and in proximity to Cosner's Corner, a 1,000,000+ SF regional power center anchored by Publix, Target, and Lowe's Home Improvement.
  • ​Dense National Tenant Synergy: The immediate area features a dense concentration of national and credit tenants, including Walmart Supercenter, Kohl’s, PetSmart, Starbucks, and Chick-fil-A, creating a dominant retail destination and driving significant crossover traffic.
  • ​Prime Interstate Location: Immediately off I-95, serving as a key community stop between Washington, DC, and Richmond.
  • ​Strong Market Fundamentals: Fredericksburg offers a stable and growing economy with high median incomes and access to both DC and Richmond employment bases.
  • ​Excellent Visibility & Access: Signalized intersection, dedicated turn lane, and prominent pylon signage.

Property overview

Sands Investment Group is pleased to exclusively offer the 6,122 SF Sheetz located at 9825 Hospital Boulevard in Fredericksburg, VA.​ This property is strategically located adjacent to the Spotsylvania Regional Medical Center and Cosner's Corner within the Washington, DC MSA.​ This deal is structured as a corporately guaranteed, Absolute Triple Net (NNN) Ground Lease providing income stability and zero landlord responsibilities.​ Further, the lease features 5, 5-year options with 3% rental increases, ensuring predictable NOI growth over time.​ Investors seeking a stable, income-generating asset will find this property to be a compelling opportunity in a thriving market with a diverse consumer base and a well-established commercial landscape.​

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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.