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Corporate Speedway (7-Eleven) | 4+ Yrs NNN 883 US Highway 64 E 2,784 SF Retail Building Columbia, NC 27925 $2,353,336 CAD ($845.31 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Speedway Acquisition | Corporate Strength | Expanded National Footprint | 4+ Years Remaining & Multiple Options
- Proximity to Schools | Tourism & Recreation | Essential Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
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
• 4+ 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
• 4+ 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
2,784 SF
Building Class
C
Year Built
2005
Price
$2,353,336 CAD
Price Per SF
$845.31 CAD
Cap Rate
6.65%
NOI
$156,531 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
10 Spaces (3.59 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Nearby Major Retailers
1 of 8
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Corporate Speedway (7-Eleven) | 4+ Yrs NNN | 883 US Highway 64 E
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