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Speedway 1 Romeroville Frontage Rd 4,000 SF Retail Building Las Vegas, NM 87701 $5,499,000 ($1,374.75/SF) 5.30% Cap Rate
Investment Highlights
- Top Placer.ai Ranking: #1 7-Eleven in New Mexico; top 3% nationwide
- Bonus Depreciation Potential: Accelerated depreciation benefits (consult tax advisor)
- Limited Competition: Only gas station within 5 miles at major I-25 & US-84 junction
- Absolute NNN Lease: 5% rent bumps every 3 years through 2034, plus 10% reset in 2035; zero landlord responsibilities
- Investment-Grade Tenant: 7-Eleven / Speedway; Fortune Global 500 (#162), S&P A-rated
- Recession & E-Commerce Resistant: Essential convenience and fuel demand
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
2000/2019
Price
$5,499,000
Price Per SF
$1,374.75
Cap Rate
5.30%
NOI
$291,447
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
7.00 AC
Parking
15 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
42’ on Frontage Rd
Property Taxes
| Parcel Number | 660968 | Improvements Assessment | $276,216 |
| Land Assessment | $118,803 | Total Assessment | $395,019 |
Property Taxes
Parcel Number
660968
Land Assessment
$118,803
Improvements Assessment
$276,216
Total Assessment
$395,019
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Speedway | 1 Romeroville Frontage Rd
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