7-Eleven / Speedway
Retail | 5.25% CAP | 4,824 SqFt
Marketing description
SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN-leased Speedway convenience store and fuel station in Horse Cave, Kentucky. The property is leased to 7-Eleven, Inc. (dba Speedway) under a newly executed 15-year corporate lease with five 5-year renewal options, signed by the corporate entity, 7-Eleven, Inc. (S&P: A–), with zero landlord responsibilities. The lease features 7.5% scheduled rental increases every five years, growing NOI contractually from $544,782 in Year 1 to $629,564 in Year 11. Built in 2026 to 7-Eleven's latest prototype standard, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act (signed July 4, 2025) — making it among the most tax-efficient acquisition structures currently available in the net lease market.
Investment highlights
- Brand new 15-year absolute NNN lease recently executed by 7-Eleven, Inc. (dba Speedway) with five 5-year renewal options, demonstrating long-term corporate commitment to the site
- Corporate entity lease signed by 7-Eleven, Inc. (S&P: A–), one of the strongest guarantees available in the net lease market
- 15.6% cumulative NOI growth over the initial term, growing from $544,782 in Year 1 to $585,641 in Year 6 and $629,564 in Year 11; fully contractual with zero initial leasing or re-tenanting risk
- Brand new 2026 ground-up construction featuring state-of-the-art convenience retail design, modern fueling infrastructure, and top-of-line amenities consistent with 7-Eleven's latest prototype standard
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