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    300 Racetrack Rd Washington, PA 15301

    For Sale
    $2,808,000

    High-yield Sheetz NNN lease in PA

    Property size:
    5,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 300 Racetrack Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    5,700 SF
    Lot Size
    77,972 SF

    Building Details

    Year Built
    2019
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bitcoin Depot | BDCheckout Atm PNC Bank ATM Atm PNC ATM Atm Sheetz Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.2017594
    Latitude
    40.2169829

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    FAQs

    What type of property is this?
    Automotive property - High-yield Sheetz NNN lease in PA
    Where is this automotive property located?
    The property is located at 300 Racetrack Rd Washington, PA.
    What is the asking price?
    The asking price for this property is $2,808,000.
    Request Owner's contact information
    300 Racetrack Rd Washington, PA 15301
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    Washington, PA 15301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Racetrack Rd Washington, PA 15301
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