Sheetz – Fredericksburg, VA

Sheetz
9825 Hospital Blvd, Fredericksburg, VA 22408, USA

Sands Investment Group is pleased to exclusively offer the 6,122 SF Sheetz Absolute NNN Asset 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.

  • 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.

In Cooperation With Sands Investment Group, Inc – Lic. #0226037527 BoR: Tom Gorman – Lic. VA #0225269275

Sheetz
9825 Hospital Blvd, Fredericksburg, VA 22408, USA

Sheetz

Sheetz is one of the largest privately held convenience store chains in the United States. Founded in 1952 by Bob Sheetz in Altoona, Pennsylvania, the company has grown from a single dairy store into a leading convenience retailer known for its 24/7 operations, made-to-order food program, fuel services, specialty beverages, and digital ordering platform. Sheetz remains family-owned and is led by CEO Travis Sheetz. The company employs approximately 25,000 people and serves customers across the Mid-Atlantic and Midwest regions. As of May 2026, Sheetz operates approximately 800+ locations across seven states, with its largest concentration in Pennsylvania. The chain continues to expand aggressively, including announced growth in Michigan and plans to enter Indiana beginning in 2027.

Price

$2,776,763

Cap Rate

5.50%

PREMISES

6,122 SF

YEAR BUILT

2013

RENEWAL OPTIONS

5 x 5 Year Options

Lease Expiration

07/31/2028

Lease Type

Absolute NNN

RENTAL INCREASES

3% at Each Option

BROKERS

Brent Collier
District of Columbia
Cliff Roberts
District of Columbia
Tom Gorman
Philadelphia

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