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Speedway 502 Greenville Blvd SW 2,580 SF Retail Building Greenville, NC 27834 $2,722,945 CAD ($1,055.40 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
$2,722,945 CAD
Price Per SF
$1,055.40 CAD
Cap Rate
6.15%
NOI
$167,431 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
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 018047 | Improvements Assessment | $476,092 CAD |
| Land Assessment | $822,176 CAD | Total Assessment | $1,298,268 CAD |
Property Taxes
Parcel Number
018047
Land Assessment
$822,176 CAD
Improvements Assessment
$476,092 CAD
Total Assessment
$1,298,268 CAD
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Speedway | 502 Greenville Blvd SW
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