Speedway
Absolute NNN 7-Eleven/Speedway with I-25 Frontage - Bonus Depreciation Opportunity
Marketing description
The Offering presents the opportunity to acquire a single-tenant Speedway convenience store with high-capacity fueling infrastructure situated across 7 acres in Las Vegas, New Mexico. The Property is the top-performing 7-Eleven in New Mexico and top 3% nationwide according to Placer.ai.
The Property is leased on a long-term Absolute NNN lease with contractual rent increases every three years throughout the initial term, providing income growth and complete expense pass-through. Speedway is one of the largest convenience store operators in the Southwest and is owned and operated by 7-Eleven, the world’s largest convenience store brand, generating $81.46 billion in total revenue in 2024 (4.4% YoY increase), and an investment-grade credit rating of A by S&P.
The Property benefits from immediate access to Interstate 25, also known as the Pan-American Freeway, and is located at the convergence of I-25 and U.S. Route 84, a key regional and interstate traffic corridor through northern New Mexico.
Investment highlights
- Top Placer.ai Ranking: #1 7-Eleven in New Mexico; top 3% nationwide
- Absolute NNN Lease: 5% rent bumps every 3 years through 2034, plus 10% reset in 2035; zero landlord responsibilities
- Bonus Depreciation Potential: Accelerated depreciation benefits (consult tax advisor)
- Investment-Grade Tenant: 7-Eleven / Speedway; Fortune Global 500 (#162), S&P A-rated
- Limited Competition: Only gas station within 5 miles at major I-25 & US-84 junction
- Recession & E-Commerce Resistant: Essential convenience and fuel demand
- Excess Land (7 Acres): Long-term value, expansion, or redevelopment optionality
- Recent Capital Investment: New fuel pumps installed 1/14/26, signaling strong tenant commitment
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