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Speedway | 7-Eleven Corp Guaranty 800 Flint Ridge Rd 4,824 SF 100% Leased Retail Building Horse Cave, KY 42749 $10,377,000 ($2,151.12/SF) 5.25% Cap Rate
Investment Highlights
- Investment-Grade Tenant | Internet-Resistant, Recession-Resilient Business Model
- Interstate 65 Corridor | Tourism Driven Demand | Limited Direct Competition
- Under Construction | Estimated Delivery & Rent Commencement
Executive Summary
SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN leased Speedway interstate travel center strategically positioned at Exit 58 along Interstate 65 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), five-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 and was developed utilizing 7-Eleven’s latest large-format prototype design.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,824 SF
Building Class
B
Year Built
2026
Price
$10,377,000
Price Per SF
$2,151.12
Cap Rate
5.25%
NOI
$544,782
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.28 AC
Opportunity Zone
Yes
Zoning
B-2 - Commercial
Parking
48 Spaces (9.95 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 046-00-00-079.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $625,000 |
Property Taxes
Parcel Number
046-00-00-079.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$625,000
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