Sheetz Convenience
New
For Sale
$6,372,549
1517 Holland Rd, Suffolk, VA 23434
A 10-pump fueling operation occupies a signalized corner site with two access points.
Property Size6,132 SF
Lot Size2.58 Acres
Price / SF$1,039
Days on Market2
Property Features for 1517 Holland Rd
General Information
Standard status
Active
Size
6,132 SF
Lot size
2.58 Acres
Property subtype
Auto Service - Gas-Conv
Occupancy
100%
Automotive
Fuel Pumps
10
Automotive Uses
fuel station
Convenience Store
Yes
Fuel Brand
Sheetz
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
In-Place Lease Type
NNN
Current Tenants
Sheetz
Real Estate Included
Yes
Additional Details
Cap Rate
5.1%
Road Access
Yes
Amenities
New 15-Year Ground Lease; Store Open!
Rent Increases Every 5 Years
Heavily Trafficked Trucking/Transient Route to I-95
2.58 Acre Corner Parcel in Growing Hampton Roads MSA
Implied Investment Grade Tenant
Building Details
Building Size
6,132 SF
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Oct 28
Last Checked: Oct 28 at 4:48PM
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 Marcus & Millichap - Washington, D.C.
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Investment Insights
Based on property information with market context.
The Sheetz convenience store contains 6,132 square feet and operates 10 fueling pumps on a 2.58-acre parcel. The site is subject to a NNN ground lease with 15 years remaining. Rent payments began in August 2026. Lease increases are 5% during the primary term and 10% during each of seven five-year renewal options.
At Holland Road (US-58) and Staley Drive in Suffolk, the property has a signalized corner location and two access points: one full-movement entrance and one right-in/right-out. Reported daily traffic is 32,000 vehicles on US-58 and 1,800 on Staley Drive. The site is less than one mile from the US-13 interchange with US-58. Nearby national retailers and food operators include Wawa, McDonald’s, Food Lion, Taco Bell, Hardee’s, and O’Reilly Auto Parts.
At Holland Road (US-58) and Staley Drive in Suffolk, the property has a signalized corner location and two access points: one full-movement entrance and one right-in/right-out. Reported daily traffic is 32,000 vehicles on US-58 and 1,800 on Staley Drive. The site is less than one mile from the US-13 interchange with US-58. Nearby national retailers and food operators include Wawa, McDonald’s, Food Lion, Taco Bell, Hardee’s, and O’Reilly Auto Parts.
Key Highlights
- 6,132‑square‑foot convenience store with 10 fueling pumps
- 2.58‑acre parcel at a signalized intersection
- NNN ground lease with 15 years remaining
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 39%
Groceries 18%
Truist
Shops & Services
42,790 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
25,377 visits/mo
0.2 miles
McDonald's
Dining
24,515 visits/mo
0.1 miles
Hardee's
Dining
13,595 visits/mo
0.2 miles
Wendy's
Dining
12,349 visits/mo
0.1 miles
Demographics for 23434, VA
51,430
Population
21,764
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
206.8 sq mi
ZIP Area
249
Density / Sq Mi
$75,798
Median Household Income
$47,291
Median Earnings
$1,242
Median Rent
$293,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A 10-pump fueling operation occupies a signalized corner site with two access points.
Where is this grocery and convenience store located?
The property is located at 1517 Holland Rd Suffolk, VA.
What is the asking price?
The asking price for this property is $6,372,549.
What are key features of this property?
This property features: 6,132‑square‑foot convenience store with 10 fueling pumps; 2.58‑acre parcel at a signalized intersection; NNN ground lease with 15 years remaining
