•	The tenant recently signed a brand new 15-year lease with 7 (5-year) option periods to extend, demonstrating their commitment to the site
•	The lease features a 10% rental increase in year 11 followed by 10% increases at the beginning of each option thereafter
•	The lease is signed by the corporate entity - Sheetz, Inc.
•	Founded in 1952, Sheetz is among America’s fastest-growing, family-owned and operated convenience store chains with over 740 locations
•	Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
•	No landlord responsibilities
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	The property is ideally situated within a dense retail trade area
•	Sheetz is near several major shopping centers including University Place
(434K+ SF), Patterson Place (592K+ SF), New Hope Commons (465K+ SF), and others
•	The surrounding tenants include Chick-fil-A, ALDI, Trader Joe’s, Lowe’s, Food Lion, Whole Foods, Home Depot, Walmart Supercenter, and others
•	The strong tenant presence drives a steady stream of loyal, local consumers, promoting crossover exposure and contributing to the economy
•	The area is experiencing significant growth with developments including:
•	Wood Townhomes (119-unit multi-family, proposed)
•	Homestead Gardens (130-unit multi-family, proposed)
•	11SixtyFive (48K SF medical office, proposed)
•	Aura Booth Park (12K retail strip, under construction)
•	University Place Hotel (150 rooms, proposed), and more
•	The property is near Chapel Hill High School, East Chapel Hill High School, and University of North Carolina at Chapel Hill, making this a convenient option for students, faculty, and staff
•	The property is located along M.L.K Jr. Boulevard with clear visibility and access to an average of 27,500 vehicles passing daily
•	The property also benefits from nearby access to U.S. Highway 15 (54,000 VPD) and Interstate 40 (88,000 VPD), allowing for easy access
•	The asset, which is slated to open in Q3 2025, will feature a state-of-the-art design using the highest-quality materials available
•	The asset has excellent visibility and multiple points of ingress/egress
•	The property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base
•	The surrounding multi-family complexes include Timber Hollow (198 units), Chapel View (224 units), Shadowood (336 units), and others
•	More than 111,700 residents and 71,300 employees support the trade area
•	Residents within 1-, 3-, and 5-miles boast an affluent average household income of $158,945, $139,625, and $139,865, respectively

Chapel Hill, NC - Sheetz

a28TP000001Bki5YAC - 1761597181463 -1

a28TP000001Bki5YAC - 1761597181778 -2

a28TP000001Bki5YAC - 1761597182146 -3

a28TP000001Bki5YAC - 1761597182312 -4

a28TP000001Bki5YAC - 1761597182513 -5

a28TP000001Bki5YAC - 1761597182705 -6

a28TP000001Bki5YAC - 1761597270650 -7

a28TP000001Bki5YAC - 1761597271086 -8

<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Demographics	1 Mile	3 Miles	5 Miles
Population	6,999	63,627	111,781
Average Household Income	$158,945	$139,625	$139,865

Traffic Counts
Martin Luther King Jr. Boulevard	27,500 VPD
Homestead Road	7,700 VPD
Interstate 40	88,000 VPD

Sold

Chapel Hill, NC - Sheetz

Description

Location

Demographics

Traffic Counts

Contact

Andrew Fallon

Philip Wellde