Sheetz Announces Plans to Open 60 Stores in Southeast Michigan

Convenience retailer Sheetz plans to build more than 60 stores in southeast Michigan as part of its ambitious growth strategy in the state.

Author

NNN Beast - Net Lease News
February 07, 2024

Sponsored by

Estimated read time: 3 minutes and 54 seconds

What’s up! Welcome back to NNN Beast, the no-cost, no-nonsense email newsletter that gets you the latest and most valuable net lease real estate news straight to your inbox.

Here’s what we’ve got for you today:

  • Sheetz Announces Plans to Open 60 Stores in Southeast Michigan

👋 Was this email forwarded to you? Subscribe to get it directly!

🙏🙏🙏 If you enjoy reading NNN Beast and want to show your support, please check out our advertising partners by taking a second to simply click on the link below (no purchase necessary). 

That’ll help us keep the lights on and allow us to continue sending fire content your way. Other newsletters charge their subscribers a monthly fee, and we ain’t ever trying to do that BS. Thanks in advance! 👇👇👇

These stories are presented thanks to beehiiv, an all-in-one newsletter suite built by the early Morning Brew team.

Fully equipped with built-in growth and monetization tools, no code website and newsletter builder, and best-in-class analytics that actually move the needle.

The top newsletters in the world are built on beehiiv, and yours can be too. It's the most affordable option in the market, and you can try it for free — no credit card required.

HOLY SHEET

Sheetz Announces Plans to Open 60 Stores in Southeast Michigan (Read More)

Sheetz

Convenience retailer Sheetz plans to build more than 60 stores in southeast Michigan as part of its ambitious growth strategy in the state.

  • Expansion Plan: Sheetz will open three locations in southeastern Michigan, with plans for additional sites gaining approval.

  • New Restaurant-Style Experience: All Michigan Sheetz stores will feature made-to-order food service, indoor and outdoor seating, self-service kiosks, and drive-thrus.

  • Further Growth Targets: Sheetz also aims to open five locations in the Asheville market in North Carolina and expand in several areas of Ohio.

  • Company Profile: Altoona-based Sheetz owns and operates over 700 stores across six states and employs more than 25,000 people.

TRIPLE NET TENDIES

🧠 Thought Leader: Aaron Zucker of ZIG shares some observations for 2024

👂 Ear Hustle: Chris Powers interviews Barry Sternlicht of Starwood Capital Group

💎 Web Gem: Justin Ryder shares a lesson about developing business as a broker

NET LEASE NUGGIES

  • Indiana Gets Ready for Wawa Expansion: The city of Clarksville announced the clearing of land for what appears to be the first Wawa location in Indiana. Although no construction has started yet, Wawa confirmed that preparation work may be done by developers. The upcoming store is expected to feature electric vehicle charging stations and create new jobs. Wawa is also expanding into North Carolina, Georgia, Tennessee, and aims to have 1,800 stores by 2030. (Read More)

  • Costco CFO Richard Galanti Steps Down After 40-Year Tenure Costco Wholesale Corp. announced the departure of CFO Richard Galanti after almost four decades in the role. Galanti will step down on March 15, but will remain as an advisor until January 2025. Gary Millerchip, the current CFO of The Kroger Co., will assume the position of executive VP and CFO at Costco, effective March 15. Kroger has appointed Todd Foley as interim CFO. The move comes as Kroger's proposed acquisition of Albertsons faces delays, and Costco's CEO transitions to Ron Vachris. (Read More)

BEAST TWEETS x POSTS

🐦 Bethany Babcock: If I had to start all over as a commercial real estate leasing agent in a new market where I knew no one…

🦅 Jeff Feldman: Without a doubt, we are not done with the banking issues…

🦢 Omar Morales: Why do I prefer being a broker?…

🦆 Matt Marlin: Here are my key takeaways from Interface Net Lease West…

VISUAL OF THE DAY

New York Community Bank, the bank that acquired the collapsed Signature Bank

🚨Was this email forwarded to you? Subscribe to get it directly! 🚨

Reminder, if you want to show your support to NNN Beast, please check out our advertising partners by simply taking a second to click on their links throughout our newsletter (no purchase necessary).

That’ll help us keep the lights on and allow us to continue sending fire content your way. Thank you again to all of our amazing subscribers out there. We appreciate every single one of your emails and kind messages to us. 🙏🙏🙏