Fortis Capital Solutions 7-Eleven & Speedway Net-Lease Portfolio19 Individually Available NNN Investments

Confidential Net-Lease Offering

19 corporate 7-Eleven & Speedway net-lease investments,
available individually.

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.

19Listings
6States
$4,521,053Aggregate Base Rent
5.34%Blended Cap Rate
7-ElevenInvestment-Grade Tenant

The Offering

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.

Why 7-Eleven

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.

Portfolio Footprint

All 19 sites, color-coded by location grade. Click a pin for the snapshot, then open the listing.

ExcellentStrongAverageWeakPoor
Exclusively Listed

Long-Term · Michigan

5.25% cap

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 →
Also Available Separately

Short-Term · Multi-State

5.50% cap

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 →

Accelerated Depreciation & The One Big Beautiful Bill

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.

First-Year Tax Benefit Estimator

Conservative cost seg Year-1 deduction (~35% of basis) Est. federal tax savings @ 37%
Fuel-outlet optimized Year-1 deduction (~90% of basis) Est. federal tax savings @ 37%

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.

Methodology

How the data was accumulated

LayerSourceWhat it tells a buyer
Geocoding & Census geographyU.S. Census Bureau geocoderAnchors every site to its exact tract for trade-area math.
Demographics (1/3/5-mi rings)Census ACS 5-YearRooftops, income, density, education — who lives in the trade area.
County growthCensus Population EstimatesIs the surrounding market growing or shrinking?
Business establishments & jobsCensus County Business PatternsLocal economic depth and retail vitality.
County unemploymentBLS LAUSEconomic health of the labor shed around the site.
Rural / urban classificationUSDA RUCC codesMetro vs. rural context for the location.
Daytime employmentCensus LEHD LODESWho works nearby — daytime fuel & in-store demand.
Traffic counts (AADT)State DOT ArcGIS feedsVehicles per day passing the site = capture potential.
Highway proximityCensus TIGER road networkAccess to interstate / arterial traffic.
Fuel & dollar-store competitionGoogle PlacesDirect competitors that pressure fuel & in-store margin.
EV charging densityNREL Alt-Fuels Data CenterForward fuel-demand-erosion risk, scored as a penalty.
Flood riskFEMA NFHLSite-level environmental / insurability risk.
Walk / Transit / BikeWalk Score APIUrban form and non-auto accessibility.
Lease & deal termsOwner-provided rent rollRent, term, escalations, options, guarantor.
Narrative analysisAnthropic ClaudeSynthesizes the data above into a plain-English brief.

How the rankings were created

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 factorMax ptsWhy it matters
Gas competition (0.5 mi)15Fewer nearby competitors = stronger fuel capture.
Traffic — AADT at site15More vehicles/day = more fueling & in-store opportunity.
3-mile population12Size of the resident trade area.
3-mile avg HH income12Spending power of the trade area.
Highway proximity10Access to high-volume through-traffic.
Daytime jobs (3 mi)10Weekday demand from the working population.
3-mile population density8Concentration of demand around the site.
County population growth7Tailwind or headwind from the broader market.
County unemployment7Economic stability of the labor shed.
Dollar-store proximity (0.5 mi)6Convenience-retail competitive pressure.
EV-station density−2Penalty for forward fuel-demand-erosion risk.

Grade bands

Excellent72–100
Strong56–71
Average40–55
Weak24–39
Poor0–23

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.