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7-Eleven | New Construction 900 Steele Station Rd 4,853 SF 100% Leased Retail Building Steele, AL 35987 $7,272,727 ($1,498.60/SF) 5.50% Cap Rate
Investment Highlights
- PUBLICLY TRADED COMPANY
- 83,000+ STORES WORLDWIDE LOCATIONS
- $82 BILLION SALES IN 2023
- 13,000+ STORES IN THE UNITED STATES
- 7-ELEVEN, INC. ACQUIRED SPEEDWAY IN 2021 FOR $21 BILLION
Executive Summary
INVESTMENT HIGHLIGHTS
• BRAND NEW CONSTRUCTION | MARCH 2026 EXPECTED OPENING
• 15-YEAR INITIAL BASE LEASE TERM
• 10% RENTAL INCREASES EVERY 5 YEARS
• ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES
• CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC.
• INVESTMENT GRADE CREDIT RATING OF ‘A’ (S&P)
• TAX ADVANTAGES WITH ACCELERATED AND BONUS DEPRECIATION | CHECK WITH YOUR CPA
• STRATEGIC TRUCK STOP LOCATION DIRECTLY OFF INTERSTATE-59 | 22,777 VPD
• AMPLE FUEL OFFERING WITH 16 MPS FOR 2-AXEL VEHICLES AND A SEPARATE 4-LANE DIESEL CANOPY FOR COMMERCIAL VEHICLES
• LARGE PARCEL SIZE OF 6+/- ACRES
• LATEST SPEEDWAY PROTOTYPE
• DIRECTLY ACROSS FROM A TOP LOVE’S TRAVEL CENTER | TOP 2% IN THE STATE AND COUNTRY PER PLACER.AI
• BRAND NEW CONSTRUCTION | MARCH 2026 EXPECTED OPENING
• 15-YEAR INITIAL BASE LEASE TERM
• 10% RENTAL INCREASES EVERY 5 YEARS
• ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES
• CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC.
• INVESTMENT GRADE CREDIT RATING OF ‘A’ (S&P)
• TAX ADVANTAGES WITH ACCELERATED AND BONUS DEPRECIATION | CHECK WITH YOUR CPA
• STRATEGIC TRUCK STOP LOCATION DIRECTLY OFF INTERSTATE-59 | 22,777 VPD
• AMPLE FUEL OFFERING WITH 16 MPS FOR 2-AXEL VEHICLES AND A SEPARATE 4-LANE DIESEL CANOPY FOR COMMERCIAL VEHICLES
• LARGE PARCEL SIZE OF 6+/- ACRES
• LATEST SPEEDWAY PROTOTYPE
• DIRECTLY ACROSS FROM A TOP LOVE’S TRAVEL CENTER | TOP 2% IN THE STATE AND COUNTRY PER PLACER.AI
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
4,853 SF
Building Class
A
Year Built
2026
Construction Status
Under Construction
Price
$7,272,727
Price Per SF
$1,498.60
Cap Rate
5.50%
NOI
$400,000
Percent Leased
100%
Building Height
1 Story
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-01-02-0-000-001.005 | Improvements Assessment | $0 |
| Land Assessment | $10,940 | Total Assessment | $10,940 |
Property Taxes
Parcel Number
06-01-02-0-000-001.005
Land Assessment
$10,940
Improvements Assessment
$0
Total Assessment
$10,940
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7-Eleven | New Construction | 900 Steele Station Rd
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