7-Eleven & Speedway Net-Lease Portfolio19 Individually Available NNN Investments
Confidential Net-Lease Offering
Every property is leased to 7-Eleven, Inc. — a subsidiary of Seven & i Holdings (TYO: 3382) and the world’s largest convenience-store operator, with investment-grade credit (S&P A- / Moody’s Baa2). Two lease-term buckets: a long-dated Michigan group (5.25% cap, 2038–2040) and a shorter-term multi-state group (5.50% cap, 2028–2034). Each site is independently scored on a 100-point location-intelligence framework.
Fortis Capital Solutions is offering 19 single-tenant, absolute-NNN 7-Eleven and Speedway properties for sale on an individual basis — buy one, several, or the group. All leases carry the corporate guaranty of 7-Eleven, Inc. — a wholly-owned subsidiary of Seven & i Holdings Co., Ltd. (TYO: 3382) and the largest convenience-store operator in the world — carrying investment-grade credit (S&P A- / Moody’s Baa2; parent Seven & i rated S&P A- / Moody’s A3). The Ann Arbor asset operates under the Speedway brand, also a 7-Eleven, Inc. entity.
The portfolio splits into two clearly separated groups by remaining lease term. The long-dated Michigan group is exclusively listed by Fortis — 12–15 years of term with 1.0% annual rent growth at a 5.25% cap. The shorter-term multi-state assets (North Carolina, Florida, South Carolina, Texas, New York) are also available separately, priced at a 5.50% cap for buyers seeking higher going-in yield or a value-add renewal thesis.
The tenant behind the rent — company scale, credit, and the net-lease case.
7-Eleven is the world’s largest convenience-store retailer, operating, franchising, or licensing more than 85,000 stores across roughly 20 countries — including over 12,000 in the United States, where the 7-Eleven, Speedway, and Stripes banners together form the nation’s largest convenience chain by store count, ahead of Circle K and Casey’s. The U.S. business, 7-Eleven, Inc., is headquartered in Irving, Texas and is a wholly-owned subsidiary of Seven & i Holdings Co., Ltd. (TYO: 3382). Both entities carry investment-grade credit — 7-Eleven, Inc. is rated S&P A- / Moody’s Baa2 and parent Seven & i is rated S&P A- / Moody’s A3 — placing this income stream on the credit of one of retail’s most recognized and financially substantial operators. Seven & i has announced plans to list its North American convenience business publicly in 2026, a step expected to further sharpen the focus and transparency of the tenant behind these leases.
For net-lease investors, 7-Eleven is a benchmark tenant. Its stores are typically held on long-term absolute / triple-net leases — the tenant bears property taxes, insurance, and maintenance, leaving the landlord a passive, bond-like income stream — with contractual rent escalations (commonly 10% every five years) that hedge inflation over the term. Convenience, fuel, and food are necessity-based, largely e-commerce-resistant categories that have historically proven resilient across economic cycles. Investment-grade 7-Eleven net-lease assets have traded in roughly the 5.5%–6.5% cap-rate range in 2026, and deep institutional demand — from REITs, private equity, and family offices — for corporate-guaranteed 7-Eleven product supports both durable in-place income and a well-established exit. Every lease in this portfolio carries a 7-Eleven, Inc. corporate guaranty, so the rent obligation rests on the parent operating company’s credit rather than the performance of any single store.
All 19 sites, color-coded by location grade. Click a pin for the snapshot, then open the listing.
Offered exclusively through Fortis Capital Solutions. 10 corporate 7-Eleven / Speedway sites · 5.25% cap · leases running to 2038–2040 · 1.0% annual rent bumps
10 listings · $2,811,061 aggregate rent · $53,544,021 aggregate asking · $110.26/SF avg rent
| # | Property | Grade | Score | SF | Asking | Cap | $/SF | Term | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SpeedwayAnn Arbor, MI 📍 Map | Excellent | 76 | 2,334 | $5,712,361 | 5.25% | $2,447.46 | 14.4 yrs | View → |
| 2 | 7-ElevenFlint, MI 📍 Map | Excellent | 73 | 2,356 | $4,781,367 | 5.25% | $2,029.44 | 12.4 yrs | View → |
| 3 | 7-ElevenMidland, MI 📍 Map | Excellent | 72 | 3,136 | $6,456,937 | 5.25% | $2,058.97 | 12.4 yrs | View → |
| 4 | 7-ElevenKalamazoo, MI 📍 Map | Strong | 64 | 3,107 | $6,482,206 | 5.25% | $2,086.32 | 14.4 yrs | View → |
| 5 | 7-ElevenBay City, MI 📍 Map | Strong | 57 | 2,341 | $5,100,114 | 5.25% | $2,178.60 | 12.4 yrs | View → |
| 6 | 7-ElevenMuskegon, MI 📍 Map | Strong | 56 | 2,480 | $6,188,709 | 5.25% | $2,495.45 | 12.4 yrs | View → |
| 7 | 7-ElevenSaginaw, MI 📍 Map | Average | 54 | 2,342 | $6,053,989 | 5.25% | $2,584.97 | 12.4 yrs | View → |
| 8 | 7-ElevenFlint, MI 📍 Map | Average | 50 | 2,339 | $5,845,886 | 5.25% | $2,499.31 | 13.4 yrs | View → |
| 9 | 7-ElevenVassar, MI 📍 Map | Weak | 35 | 2,559 | $3,339,131 | 5.25% | $1,304.86 | 14.4 yrs | View → |
| 10 | 7-ElevenSaranac, MI 📍 Map | Weak | 30 | 2,500 | $3,583,321 | 5.25% | $1,433.33 | 14.4 yrs | View → |
Available individually alongside the exclusively listed Michigan group. 9 corporate 7-Eleven sites (NC · FL · SC · TX · NY) · 5.50% cap · leases to 2028–2034
9 listings · $1,709,992 aggregate rent · $31,090,764 aggregate asking · $55.80/SF avg rent
| # | Property | Grade | Score | SF | Asking | Cap | $/SF | Term | |
|---|---|---|---|---|---|---|---|---|---|
| 11 | 7-ElevenTamarac, FL 📍 Map | Excellent | 83 | 3,077 | $4,227,127 | 5.50% | $1,373.78 | 5.4 yrs | View → |
| 12 | 7-ElevenSarasota, FL 📍 Map | Excellent | 82 | 3,179 | $4,080,000 | 5.50% | $1,283.42 | 2.4 yrs | View → |
| 13 | 7-ElevenCharlotte, NC 📍 Map | Excellent | 74 | 2,959 | $2,944,527 | 5.50% | $995.11 | 5.4 yrs | View → |
| 14 | 7-ElevenNorth Charleston, SC 📍 Map | Strong | 68 | 2,354 | $1,935,564 | 5.50% | $822.24 | 7.0 yrs | View → |
| 15 | 7-ElevenDallas, TX 📍 Map | Strong | 64 | 4,356 | $2,332,800 | 5.50% | $535.54 | 5.4 yrs | View → |
| 16 | 7-ElevenGeorgetown, SC 📍 Map | Strong | 60 | 2,890 | $3,253,200 | 5.50% | $1,125.67 | 6.7 yrs | View → |
| 17 | 7-ElevenDillon, SC 📍 Map | Average | 46 | 2,885 | $3,613,091 | 5.50% | $1,252.37 | 8.4 yrs | View → |
| 18 | 7-ElevenChaumont, NY 📍 Map | Weak | 26 | 4,324 | $3,211,873 | 5.50% | $742.80 | 8.0 yrs | View → |
| 19 | 7-ElevenLeakey, TX 📍 Map | Weak | 24 | 4,620 | $5,492,582 | 5.50% | $1,188.87 | 7.7 yrs | View → |
100% bonus depreciation is permanent again — and fuel / convenience assets are built to capture it.
The One Big Beautiful Bill Act permanently restored 100% bonus depreciation for qualifying property placed in service on or after January 19, 2025. A buyer of an individual store can commission a cost-segregation study to reclassify the large majority of the purchase price into 5-, 7-, and 15-year components that now qualify for full first-year expensing.
Gas / convenience real estate is among the most tax-advantaged property types. An asset meeting the IRS “retail motor fuels outlet” test is depreciated over 15 years rather than 39, and the reclassified basis is bonus-eligible — a material lift to first-year after-tax returns for the acquiring entity.
Illustrative only — not tax advice. Assumes ~15% land (non-depreciable), the stated share reclassified to ≤15-yr bonus-eligible property, and a 37% federal rate. Actual results depend on a cost-segregation study, the asset’s qualification as a retail motor fuels outlet, the buyer’s tax position, passive-activity and at-risk rules, and the placed-in-service date. Several states (incl. Michigan) do not conform to federal bonus depreciation. Bonus depreciation may be recaptured on sale. Consult your advisors.
| Layer | Source | What it tells a buyer |
|---|---|---|
| Geocoding & Census geography | U.S. Census Bureau geocoder | Anchors every site to its exact tract for trade-area math. |
| Demographics (1/3/5-mi rings) | Census ACS 5-Year | Rooftops, income, density, education — who lives in the trade area. |
| County growth | Census Population Estimates | Is the surrounding market growing or shrinking? |
| Business establishments & jobs | Census County Business Patterns | Local economic depth and retail vitality. |
| County unemployment | BLS LAUS | Economic health of the labor shed around the site. |
| Rural / urban classification | USDA RUCC codes | Metro vs. rural context for the location. |
| Daytime employment | Census LEHD LODES | Who works nearby — daytime fuel & in-store demand. |
| Traffic counts (AADT) | State DOT ArcGIS feeds | Vehicles per day passing the site = capture potential. |
| Highway proximity | Census TIGER road network | Access to interstate / arterial traffic. |
| Fuel & dollar-store competition | Google Places | Direct competitors that pressure fuel & in-store margin. |
| EV charging density | NREL Alt-Fuels Data Center | Forward fuel-demand-erosion risk, scored as a penalty. |
| Flood risk | FEMA NFHL | Site-level environmental / insurability risk. |
| Walk / Transit / Bike | Walk Score API | Urban form and non-auto accessibility. |
| Lease & deal terms | Owner-provided rent roll | Rent, term, escalations, options, guarantor. |
| Narrative analysis | Anthropic Claude | Synthesizes the data above into a plain-English brief. |
Each site is scored on a 100-point weighted framework built for fuel / convenience retail. Through-traffic and competition matter most, demographics and local economy next, with a penalty for forward EV-erosion risk.
| Scoring factor | Max pts | Why it matters |
|---|---|---|
| Gas competition (0.5 mi) | 15 | Fewer nearby competitors = stronger fuel capture. |
| Traffic — AADT at site | 15 | More vehicles/day = more fueling & in-store opportunity. |
| 3-mile population | 12 | Size of the resident trade area. |
| 3-mile avg HH income | 12 | Spending power of the trade area. |
| Highway proximity | 10 | Access to high-volume through-traffic. |
| Daytime jobs (3 mi) | 10 | Weekday demand from the working population. |
| 3-mile population density | 8 | Concentration of demand around the site. |
| County population growth | 7 | Tailwind or headwind from the broader market. |
| County unemployment | 7 | Economic stability of the labor shed. |
| Dollar-store proximity (0.5 mi) | 6 | Convenience-retail competitive pressure. |
| EV-station density | −2 | Penalty for forward fuel-demand-erosion risk. |
AADT coverage: every site now carries a state-DOT Annual Average Daily Traffic count at or adjacent to the parcel (Michigan, North Carolina and South Carolina via their DOT feeds; Florida via FDOT Florida Traffic Online; Texas via TxDOT TPP AADT Annuals; New York via the NYSDOT Traffic Data Viewer). Two ultra-rural destination sites (Leakey, TX and Chaumont, NY) carry a demand-anchor note because their low resident-road traffic understates traveler/seasonal demand.
Important: this is a location-QUALITY score, not a valuation, cap-rate opinion, or projection.