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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
PROPERTY TAXES
| Parcel Number | T098-01-066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,390,215 |
PROPERTY TAXES
Parcel Number
T098-01-066
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,390,215
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Speedway | 883 US Highway 64 E
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