900 Steele Station Rd - Retail FOR SALE


Steele, AL 35987
$7,272,727 USD
678-808-2770
900 Steele Station Rd, Steele, AL for Sale
$7,272,727 USD
Retail - FOR SALE
1/6
null | 5.5% Cap Rate

900 Steele Station Rd
Steele, AL 35987


HIGHLIGHTS

  • PUBLICLY TRADED COMPANY
  • 13,000+ STORES IN THE UNITED STATES
  • 83,000+ STORES WORLDWIDE LOCATIONS
  • 7-ELEVEN, INC. ACQUIRED SPEEDWAY IN 2021 FOR $21 BILLION
  • $82 BILLION SALES IN 2023

OVERVIEW

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

FOR SALE DETAILS

PRICE

$7,272,727 USD

PRICE/SF

$1,499 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | New Construction

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Fast Food, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06-01-02-0-000-001.005

ASK ABOUT THIS PROPERTY

Robert PfeifferMarcus & MillichapMore Info
678-808-2770

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Robert PfeifferMarcus & MillichapMore Info
678-808-2770

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