Sheetz 720 Lincoln Way E

Investment Highlights

Corporate guarantee New lease drafted in 2006 that went into effect in 2007, for 15 years, ending April 30, 2022 10% rent rate bumps every 5 years Absolute NNN lease The lease is now in its first of three 5-yr renewals Can be offered in a portfolio with a second NNN-Leased Sheetz property in Mount Union.

Executive Summary

Introducing 720 Lincoln Way East, a prime commercial property in McConnellsburg which has been ground leased to Sheetz since 1975. Having invested in continual updates over the past 4 decades, Sheetz's NNN tenancy is now on it's first of three 5-year renewal periods. This property is offered as part of a Bankruptcy proceeding and presents an opportunity to acquire investment-grade tenancy for an unusually low price. Additionally, there is substantial upside potential to adjust rents to market rates at the end of the currently-prescribed renewal periods. *This property can be bundled with another NNN-leased Sheetz asset in Mount Union, PA. *- Stalking horse bid has been received at $800k for both assets. (Minimum bid for this property alone must be greater $500k) *All offers are subject to Bankruptcy Court approval, public hearing, and an open auction in court.*

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store Flex Light Manufacturing General Retail Fast Food General Retail TruckStop Convenience Store
• Building Size    4,194
• Year Built    1975
• Price    500,000
• Price Per SF    119
• Cap Rate    7.92
• NOI    39,600
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.15
• Land Acres    0.65 AC