300 Racetrack Rd Washington, PA 15301

This exceptional investment opportunity presents a fee-simple ownership of a 5,700 square foot Sheetz convenience store and gas station located at 300 Racetrack Rd, Washington, PA 15301. The property sits on a 1.79-acre lot and boasts a strong corporate guarantee from Sheetz, Inc., a top-performing convenience store chain. With a current NOI of $140,400 and a 5.00% cap rate, this property offers a compelling return on investment. The absolute-net ground lease features a remaining term of 9.8 years, with seven 5-year renewal options, each including a 10% rent increase. Built in 2019, this location benefits from its prime position at the sole entrance to the Hollywood Casino & Meadows Racetrack, ensuring high traffic volume and a built-in customer base from nearby hotels including Hyatt Place, DoubleTree by Hilton, and Hampton Inn & Suites. The property's strategic location also places it near numerous national retailers such as Primanti Bros, Great Clips, Trulieve, Planet Fitness, and Tanger Outlets Pittsburgh. The surrounding area demonstrates strong demographics, with average household incomes exceeding $100,000 within a 5-mile radius and significant population growth projected through 2028. This is a truly passive investment opportunity with minimal landlord responsibilities. The asking price is $2,808,000, representing a price per square foot of $492.63.