MARCUS & MILLICHAP ARRANGES THE SALE OF A 6,489SF NET-LEASED SHEETZ

LANCASTER, PA– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales has announced the sale of Sheetz, a 6,489 SF net-leased property located in Lancaster, PA. According to Sean Beuche, regional manager of the firm’s Philadelphia office, the asset sold for $1,920,000.

Derrick Dougherty and Steve Garthwaite, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a partnership, was secured and represented by Derrick Dougherty and Steve Garthwaite.

Sheetz is located at 2425 Old Philadelphia Pike in Lancaster, PA. This location strategically sits on the intersection of Old Philadelphia Pike & Mt. Sidney Road with average traffic counts exceeding 16,619 Vehicles Per Day. The location features (12) premium gas pumps and state-of-the-art convenience store. This Sheetz store serves a dense and stable middle class submarket where the household income is $86K in a (3)-mile radius & 81K Residents within a (5)-mile radius.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.