Morganton, NC - Speedway

Description:

• Lease is backed by Speedway’s corporately entity, providing a stable and secure investment
• 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
• Approximately 4 years remaining with 2 (5-year) option periods to extend
• The lease incorporates scheduled rent increases throughout the option periods, offering a dependable hedge against inflation and supporting consistent long-term NOI growth.

The subject property benefits from a prime location directly across from an active retail hub anchored by Ollie’s Bargain Outlet and Planet Fitness. The surrounding trade area is further strengthened by a complementary mix of nationally recognized, creditworthy tenants—including Dollar General, KFC, McDonald’s, O’Reilly Auto Parts, FedEx, and others—driving consistent consumer traffic and reinforcing the site’s long-term retail viability.

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Listing ID: a28TP000001vpmnYAA