Leased Sheetz Convenience
For Sale
$7,800,000
11500 W Broad St, Richmond, VA 23233
Convenience store property with a new 20-year lease and multiple 5-year extension options.
Days on Market74
Property Features for 11500 W Broad St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2026
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon
(202) 286-1542
Source:
Srsre
Added: May 18
Changed: Jul 23
Last Checked: Jul 30 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
This for-sale convenience store property is currently leased to Sheetz, a company founded in 1952 and operating convenience stores nationwide. The tenant has recently signed a brand new 20-year lease with seven (5-year) options to extend, reflecting a long-term commitment to the site. Lease economics include 10% rent increases every five years beginning in year 11.
With an implied investment-grade credit profile noted in the remarks, the offering is positioned around stable, long-duration tenancy.
The lease structure and scheduled increases are key considerations for buyers underwriting the income stream over the initial term and extension periods.
With an implied investment-grade credit profile noted in the remarks, the offering is positioned around stable, long-duration tenancy.
The lease structure and scheduled increases are key considerations for buyers underwriting the income stream over the initial term and extension periods.
Key Highlights
- Built in 2026
- Tenant signed a new 20‑year lease with 7 (5‑year) options to extend
- Lease includes 10% rent increases every five years beginning in year 11
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 23233, VA
32,610
Population
13,184
Households
2.5
Avg Household Size
40
Median Age
71%
College-Educated
98%
High-School Grad
12.9 sq mi
ZIP Area
2,528
Density / Sq Mi
$117,500
Median Household Income
$66,115
Median Earnings
$1,779
Median Rent
$442,100
Median Home Value
Market
Vacancy Rate% for Retail in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Gas station - Convenience store property with a new 20-year lease and multiple 5-year extension options.
Where is this gas station located?
The property is located at 11500 W Broad St Richmond, VA.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Built in 2026; Tenant signed a new 20‑year lease with 7 (5‑year) options to extend; Lease includes 10% rent increases every five years beginning in year 11
