Speedway

Highlights:

• 20 Year Absolute NNN Lease with 4 Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – Two (5-Year) Options to Renew
• Extremely Rare, Uncapped CPI Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing an Unmatched Hedge Against Inflation
• Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
• 33 Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1990 – 2,400 Square Feet Building Situated on a 0.88-Acre Parcel Containing 14 Parking Spaces & 10 Gas Pumps
• High Traffic Location – More Than 31,000 Vehicles Per Day on George Washington Memorial Highway (US-17)
• Densely Populated, Infill Location with Excellent Demographics – Over 23,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $106,000 Annually
• Centrally Located in the Main Trade Area of Gloucester Point – High Daytime Population of More Than 650 Businesses & 5,400 Employees with a 5-Mile Radius of the Property
• Less Than 1-Mile from the Virginia Institute of Marine Science – Founded in 1940, It is One of the Largest Marine Research & Education Centers in the United States

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