1 Romeroville Frontage Rd - Service Station FOR SALE


Las Vegas, NM 87701
$5,499,000 USD
503-957-7945
1 Romeroville Frontage Rd, Las Vegas, NM for Sale
$5,499,000 USD
Service Station - FOR SALE
1/6
null | 5.3% Cap Rate

1 Romeroville Frontage Rd
Las Vegas, NM 87701


HIGHLIGHTS

  • Top Placer.ai Ranking: #1 7-Eleven in New Mexico; top 3% nationwide
  • Absolute NNN Lease: 5% rent bumps every 3 years through 2034, plus 10% reset in 2035; zero landlord responsibilities
  • Bonus Depreciation Potential: Accelerated depreciation benefits (consult tax advisor)
  • Investment-Grade Tenant: 7-Eleven / Speedway; Fortune Global 500 (#162), S&P A-rated
  • Limited Competition: Only gas station within 5 miles at major I-25 & US-84 junction
  • Recession & E-Commerce Resistant: Essential convenience and fuel demand

OVERVIEW

The Offering presents the opportunity to acquire a single-tenant Speedway convenience store with high-capacity fueling infrastructure situated across 7 acres in Las Vegas, New Mexico. The Property is the top-performing 7-Eleven in New Mexico and top 3% nationwide according to Placer.ai. The Property is leased on a long-term Absolute NNN lease with contractual rent increases every three years throughout the initial term, providing income growth and complete expense pass-through. Speedway is one of the largest convenience store operators in the Southwest and is owned and operated by 7-Eleven, the world’s largest convenience store brand, generating $81.46 billion in total revenue in 2024 (4.4% YoY increase), and an investment-grade credit rating of A by S&P. The Property benefits from immediate access to Interstate 25, also known as the Pan-American Freeway, and is located at the convergence of I-25 and U.S. Route 84, a key regional and interstate traffic corridor through northern New Mexico.

FOR SALE DETAILS

PRICE

$5,499,000 USD

PRICE/SF

$1,375 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Speedway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

-

APN/PARCEL ID

660968

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.