7Eleven Speedway New Construction — Sale in Steele, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Steele, AL 35987

Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

SPEEDWAY | 7-ELEVEN • PUBLICLY TRADED COMPANY • 13,000+ STORES IN THE UNITED STATES • 83,000+ STORES WORLDWIDE LOCATIONS • 7-ELEVEN, INC. ACQUIRED SPEEDWAY IN 2021 FOR $21 BILLION • $82 BILLION SALES IN 2023 Investment Highlights: • BRAND NEW CONSTRUCTION | MAY 2026 EXPECTED OPENING • 15-YEAR INITIAL BASE LEASE TERM • 10% RENTAL INCREASES EVERY 5 YEARS • ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES • CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC. • INVESTMENT GRADE CREDIT RATING OF 'A' (S&P) • STRATEGIC TRUCK STOP LOCATION DIRECTLY OFF INTERSTATE-59 | 22,777 VPD • DIRECTLY ACROSS FROM A TOP LOVE'S TRAVEL CENTER | TOP 2% IN THE STATE AND COUNTRY PER PLACER.AI

Market Context

This retail in Steele, AL is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Steele, AL — view the full market.

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