Listed by Real Capital Investments
$956,923
Speedway | Bonus Depreciation Eligible
Details
APN 0703227
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,880
Units 1
Cap Rate 6.5%
NOI $62,200
Tenancy Single
Brand/Tenant Speedway
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 06/30/2030
Remaining Term 4
Rent Bumps Yes
Lease Options One (1) Additional (5-Year) Option
Price per SqFt $332
Class B
Year Built 1976
Acreage 0.660
Zoning Commercial
Parking Spaces 13 spaces
Parking Per SqFt 4.51
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2005
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Speedway | Bonus Depreciation Eligible
Investment highlights
- 20 Year Absolute NNN Lease with 4+ Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – One (5-Year) Option to Renew
- Accelerated Depreciation Eligible Asset Due to Recent Legislative Policy Changes – Rare Uncapped Rental Increase Based on the Current CPI% During The Option Period, Providing a Strong Hedge Against Inflation – Recently Exercised Option Shows the Tenants Commitment to the Location
- Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
- 49-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1976
- 2,880 Square Feet Building Situated on a 0.66-Acre Parcel Containing 13 Parking Spaces, 8 Gas Pumps & a Drive-Thru Car Wash, Providing Speedway to Effectively Handle High Customer Volume
- Over 2,300 Vehicles Per Day on W. Academy Street & an Additional 4,806 Vehicles Per Day on Nearby N. Main Street
- More Than 3,400 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $60,800 Annually
- Approximately 0.5-Miles from the Flagstone Foods Manufacturing Plant That Employs Over 200 People
Listing Contacts
Listed by Real Capital Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,200.00
$5,183.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
RA-20 MixedMixed UseResidential Agriculture
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View all 23 uses
View all 23 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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