Single Tenant Sheetz

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant property leased to Sheetz (the “Property”) in Butler, Pennsylvania, located approximately 30 miles northeast of Pittsburgh. The Property is occupied under a triple-net (NNN) ground lease with over 5.5 years remaining on the base term and seven (7) five-year renewal options, each featuring 10% rental increases. This NNN lease structure provides true passive ownership with no landlord responsibilities, delivering stable and predictable income backed by a nationally recognized convenience retailer.

The Property is strategically positioned at a signalized intersection of North Main Street (22,600 VPD) and Mall Access Road, offering exceptional visibility and direct exposure to daily commuter traffic and shoppers visiting the adjacent Clearview Mall. Multiple points of ingress and egress enhance traffic flow and site accessibility, supporting consistent customer volume. Situated on a 2.57-acre parcel, the site offers ample space for efficient operations and provides potential flexibility for future redevelopment or expansion.

This Sheetz location further differentiates itself from competing convenience retailers with rare features including both a dedicated drive-thru lane and an on-site car wash, positioning the location as a true one-stop convenience destination. These amenities support fast, efficient service for food and beverage purchases, increase customer throughput, encourage repeat visits, and drive incremental revenue. Operating 24 hours a day, the store maximizes sales opportunities and delivers continuous convenience to customers. Additionally, Sheetz was the first convenience retailer in Pennsylvania to introduce beer sales in 2016 and now offers beer and wine at over 280 locations, including this store, driving increased visit frequency and higher basket sizes.

With annual rent of $110,004, this Property offers the lowest rent of any Sheetz location currently on the market, nearly 28% below the next closest comparable, providing an attractive cost basis and enhanced potential returns for investors.