Just Sold - Ground-Leased Sheetz Investment
Just Sold - Ground-Leased Sheetz Investment
Weber Rector Commercial Real Estate Services, Inc. is pleased to announce the successful sale of a ground-leased Sheetz investment property located in Front Royal, Virginia.
The property sold for $2,765,000 at a 5.13% cap rate as part of a 1031 exchange, offering the purchaser a stable, long-term NNN investment backed by a nationally recognized credit tenant. The ground lease structure provides predictable cash flow with minimal landlord responsibilities, making it an attractive option for investors seeking passive income and tax-deferred exchange opportunities.
Chuck Rector of Weber Rector Commercial Real Estate Services represented the purchaser and guided the transaction through a smooth closing.
