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Speedway 502 Greenville Blvd SW 2,580 SF Retail Building Greenville, NC 27834 $2,757,924 CAD ($1,068.96 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Speedway Acquisition | Corporate Strength | Expanded National Footprint | 6+ Years Remaining & Multiple Options
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Proximity to Schools | Tourism & Recreation | Essential Retail Corridor
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• 7-Eleven, Inc. completed its landmark acquisition of 3,800 Speedway stores in 2021, significantly expanding its U.S. presence
• Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations
• Lease is backed by Speedway’s corporate entity, providing a stable and secure investment.
• Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance
• 6+ years remaining on the current lease term with multiple 5-year renewal options
• Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations
• Lease is backed by Speedway’s corporate entity, providing a stable and secure investment.
• Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance
• 6+ years remaining on the current lease term with multiple 5-year renewal options
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,580 SF
Building Class
C
Year Built
2012
Price
$2,757,924 CAD
Price Per SF
$1,068.96 CAD
Cap Rate
6.15%
NOI
$169,582 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.99 AC
Zoning
CH
Parking
8 Spaces (3.1 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,948,769 CAD | |
| Land Assessment | $2,360,265 CAD | Total Assessment | $4,309,035 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,360,265 CAD
Improvements Assessment
$1,948,769 CAD
Total Assessment
$4,309,035 CAD
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Speedway | 502 Greenville Blvd SW
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