6010 Derry Street

Description

This 6,276 SF Sheetz located on 2.19 acres in H arrisburg, Pennsylvania. The property operates under an absolute NNN ground lease, with Sheetz responsible for all expenses, ensuring a fully passive investme nt for the landlord. The lease includes a 10% rental increase in each option period, providing consistent income growth throughout the term. This high-performing location features Sheetzs largest prototype, including an automated drive-thru car wash, which enhances its consumer appeal and revenue potential. The property sits on a signalized corner with entrances on both North 61st Street and Derry Street, offering excellent visibility and accessibility. With a high traffic count of 18,899 VPD along Derry Street and 48,922 VPD along Route 322, this site attracts significant commuter and customer traffic. The lease is corporately guaranteed by Sheetz, Inc., one of Americas fastest-growing convenience store chains, with over 700 locations and revenues exceeding $14 billion in 2023. Sheetz continues to expand, with plans to grow further into new markets, including Michigan. This location is situated in a prime, high-traffic corridor just 5.5 miles outside of downtown Harrisburg, surrounded by a strong regional retail base. The property is also adjacent to a McDonalds, further boosting its visibility and customer draw. With zero landlord responsibilities, built-in rental escalations, and Sheetzs commitment to the site, this investment offers longterm stability and potential for growth in an established market. Current NOI = $166,980