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31114633
31114634

900 Steele Station Rd, Steele, AL 35987 For Sale

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$7,272,727
128 days on market
Updated 29 days ago

7-Eleven (Speedway) | New Construction

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 4,853
Net Rentable (SqFt) 4,853
Cap Rate 5.5%
NOI $400,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+4)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $1,499
Broker Co-Op Yes
Class A
Year Built 2026
Acreage 6.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/30/2026
Occupancy Date 04/30/2026
Sale Condition 1031 exchange

Retail | 5.50% CAP | 4,853 SqFt

Investment highlights

INVESTMENT HIGHLIGHTS

• BRAND NEW CONSTRUCTION | MARCH 2026 EXPECTED OPENING

• 15-YEAR INITIAL BASE LEASE TERM

• 10% RENTAL INCREASES EVERY 5 YEARS

• ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES

• CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC.

• INVESTMENT GRADE CREDIT RATING OF ‘A’ (S&P)

• TAX ADVANTAGES WITH ACCELERATED AND BONUS DEPRECIATION | CHECK WITH YOUR CPA

• STRATEGIC TRUCK STOP LOCATION DIRECTLY OFF INTERSTATE-59 | 22,777 VPD

• AMPLE FUEL OFFERING WITH 16 MPS FOR 2-AXEL VEHICLES AND A SEPARATE 4-LANE DIESEL CANOPY FOR COMMERCIAL VEHICLES

• LARGE PARCEL SIZE OF 6+/- ACRES

• LATEST SPEEDWAY PROTOTYPE

• DIRECTLY ACROSS FROM A TOP LOVE’S TRAVEL CENTER | TOP 2% IN THE STATE

AND COUNTRY PER PLACER.AI

Listing Contacts

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$400,000.00
$33,333.33/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Edwin "Eddie" Greenhalgh
License
"AL 0000882980 "
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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