Description

7-Eleven / Speedway is a retail investment at 1122 East Raleigh Boulevard in Rocky Mount, NC. The 1,917 SF convenience store and fuel location is leased to Speedway, giving buyers an established operating format with a defined lease and income profile.

Built in 2004, the store occupies 0.9 acres and has 7 parking spaces. Its fuel canopy and monument sign support the convenience-store format, while the site plan shows access from East Raleigh Boulevard and East Grand Avenue. Speedway LLC holds an Absolute Net lease with 14+ years remaining and 10% rent increases every 5 years throughout the base term and options. Those terms put the tenant’s operating responsibilities and scheduled rent growth at the center of the investment.

The Property sits along East Raleigh Boulevard, an established commercial corridor serving surrounding retail and residential areas. Nearby retailers include Food Lion, Roses, Dollar Tree and Advance Auto Parts, placing the store among other everyday shopping destinations. Downtown Rocky Mount is 1.1 miles away. For a fuel and convenience-store investor, the corridor position, neighboring retail and access points help explain the location’s role in the tenant’s operating network.

The asking price is $2,200,000, with $110,000 in net operating income and a 5% cap rate. Speedway is a wholly owned subsidiary of 7-Eleven, Inc., so the tenant relationship is a central part of the purchase decision alongside the lease structure and scheduled increases. Buyers can review the Offering Memorandum for the transaction detail behind the income and lease terms.