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Speedway (7-Eleven) | Absolute NNN GL 440 Lake Ave 700 SF Retail Building Rochester, NY 14608 $1,579,065 CAD ($2,255.81 CAD/SF) 6.25% Cap Rate

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Investment Highlights

Long-Term Absolute NNN Ground Lease | 10% Increases at Each Option
Strategic Rochester Location | Dense Retail Corridor

Absolute NNN Ground Lease | Leased Fee Land Ownership | Zero Landlord Responsibilities
Major Employment and Institutional Drivers Nearby

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the Leased fee interest (land ownership) in an absolute NNN leased, Speedway investment property located in Rochester, New York. The tenant, Speedway has over 4+ years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Service Station

Building Size

700 SF

Building Class

Year Built

1999

Price

$1,579,065 CAD

Price Per SF

$2,255.81 CAD

Cap Rate

6.25%

NOI

$98,731 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

0.36 AC

Zoning

C-3 - Regional Destination Center

Frontage

49’ on Lake Ave

Dedicated Turn Lane

Pylon Sign

Signage

Retailer
99,999 SF
-
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Speedway is a U.S.-based convenience store and fuel station chain founded in 1952. Headquartered in Irving, Texas, the company operates thousands of locations across 34 states, offering gasoline, diesel, and a wide range of convenience products. Originally part of Marathon Petroleum, Speedway was acquired by Seven & I Holdings, the parent company of 7-Eleven, in 2021. The brand is known for its Speedy Rewards loyalty program and services such as car washes and ATMs. Speedway ranks among the largest convenience store chains in the country, focusing on high-volume self-service stations and integrated retail operations.