Speedway – New Castle, IN

Speedway has 14+ years remaining on new 15-year Absolute NNN lease with attractive 10% rental escalation 1/1/36! Requires zero management responsibilities, making it an attractive investment for the passive real estate investor. The Tenant, 7-Eleven, Inc., the Irving, Texas-based C-Store chain operates (DBA. Speedway), franchises and/or licenses approximately 85,000 stores in 20 countries, including nearly 13,000 locations in North America, making it the largest retailer in the world. The company holds an investment grade credit rating of A- (S&P)! The property may qualify for 100% Bonus Depreciation (Conveying both building and land) – Consult with your CPA or Tax Professional.

The Asset is Successfully open and operating for decades and positioned on a ±0.52-acre parcel, with excellent drive-by visibility/access on Parkview Drive and S Memorial Drive with traffic counts of 6,698 CPD! Nearby major retailers include Walmart, Tractor Supply Co., Hibbett, Ace Hardware, Harbor Freight, Goodwill, Bealls, AutoZone, O’Reilly Auto Parts, Big O Tires, Shell, Rural King, Aldi, Jiffy Lube, Dollar Tree, Dollar General, Walgreens, Cricket, Advance Auto Parts, Anytime Fitness; Dining options include McDonald’s, Arby’s, Subway, Buffalo Wild Wings, Smoothie King, Hardee’s, Pizza Hut, Pizza King, Applebee’s, KFC, Scooter’s Coffee, Wendy’s, Burger King, Taco Bell, Papa Johns, Lee’s Famous Chicken, Jimmy John’s, Steak ‘n Shake, Dairy Queen Grill & Chill, etc. It is 2 miles from Ivy Tech Community College- functions as a satellite facility tied to the Muncie campus, which is located about 29 miles away. Course offerings include business, health sciences, design technology and industrial courses for their 450 students; Less than 3 miles from Henry Community Health – Hospital Campus-county-owned, short-term acute care facility with a staffed bed count generally listed between 48 and 50 beds. Offers 22 medical specialties—emergency services, same-day surgical care, orthopedics, OB/GYN and maternity care, cardiology, imaging/radiology, and primary care practices.

Property Highlights