Log In/Sign Up
Your email has been sent.
Speedway 883 US Highway 64 E 2,784 SF Retail Building Columbia, NC 27925 $1,730,000 ($621.41/SF) 6.65% Cap Rate
Investment Highlights
- Speedway Acquisition | Corporate Strength | Expanded National Footprint | 4+ Years Remaining & Multiple Options
- Proximity to Schools | Tourism & Recreation | Essential Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Executive Summary
• 7-Eleven, Inc. completed its landmark acquisition of 3,800 Speedway stores in 2021, significantly expanding its U.S. presence
• Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations
• Lease is backed by Speedway’s corporate entity, providing a stable and secure investment.
• Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance
• 4+ years remaining on the current lease term with multiple 5-year renewal options
• Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations
• Lease is backed by Speedway’s corporate entity, providing a stable and secure investment.
• Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance
• 4+ years remaining on the current lease term with multiple 5-year renewal options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,784 SF
Building Class
C
Year Built
2005
Price
$1,730,000
Price Per SF
$621.41
Cap Rate
6.65%
NOI
$115,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
10 Spaces (3.59 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Nearby Major Retailers
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Speedway | 883 US Highway 64 E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.