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Speedway NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Speedway

Last Year Cap

5.3%

This Year Cap

5.5%

Cap Change

0.2%

Speedway – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate
1031 Exchange
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Credit (what net-lease buyers care about)

Credit Snapshot

Speedway

Cap Rates NNN
Last Year 5.6%
This Year 5.7%
Change 0.1%
S&P Rating CREDIT
Last Year NR
This Year NR
Change No change

Speedway Net Lease: Secure, Essential Investment

Speedway is a nationally recognized convenience store and fuel retail brand with a large network of gas stations and high-traffic retail locations across the United States. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, Speedway ground lease properties are important to compare against fee simple convenience store assets, as lease structure can materially impact pricing, financing, and long-term resale value.

Investors often target Speedway assets for:

  • Stable Daily Consumer Demand
  • Prime Corner Fuel Station Locations
  • Strong Brand Recognition
  • Attractive 1031 Exchange Compatibility

Speedway ground lease properties require close comparison of rent escalations, remaining lease term, extension options, environmental responsibilities, and residual land value versus fee simple ownership.

Speedway Ground Lease Properties for 1031 Exchange Buyers

Speedway ground lease properties often trade differently than traditional retail net lease assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, fuel system obligations, and re-tenanting potential to understand long-term risk and return.

Speedway Investment Market Statistics

AVERAGE SALE PRICE

$4,000,000

BUILDING SIZE

1,100 – 4,800 SF

AVERAGE NOI

$220,000

LAND

0.50 – 1.75 Acres

$/SF RANGE

$500 – $2,000

LEASE TERM SHOWN

20 years

Speedway Investor Snapshot (Quick Facts)

Origins & Growth (Past)

• Founded in 1959 as a gasoline and convenience retailer
• Expanded across the Midwest and Eastern United States
• Grew through acquisitions and new store development
• Built strong network of fuel stations and convenience stores
• Focused on high-traffic commuter and suburban locations
• Became one of the largest convenience store chains in the U.S.

 

Where Speedway Stands Today

• Extensive convenience store and fuel retail footprint across the U.S.
• Leading convenience and gasoline retail brand
• High daily customer traffic driven by fuel and convenience purchases
• Primarily corporate-operated store network under 7-Eleven ownership
• Expanding foodservice, loyalty, and digital initiatives
• Focus on operational efficiency and store performance

 
 

Where Speedway Stands Today

• Increased digital loyalty and mobile app adoption
• Improved operational automation and efficiency
• Growth in foodservice and convenience offerings
• Stronger customer engagement through rewards programs
• Optimized fuel station and convenience store footprint
• Focus on fuel, beverages, and grab-and-go retail sales
• Benefiting from consistent transportation and commuter demand trends

 
 

Why investors buy Speedway NNN Properties or Speedway ground Lease Properties?

Pros (what buyers like)

  • Stable Fuel & Convenience Demand
    Fuel sales and convenience retail generate recurring daily traffic and necessity-based consumer spending.
  • Prime Corner Real Estate
    Many Speedway locations sit on hard corners and signalized intersections with strong visibility and easy access.
  • Attractive Lease Structures
    Long-term NNN and ground leases appeal to passive investors and 1031 exchange buyers seeking stable income.
  • Strong Brand Recognition
    Speedway benefits from national convenience retail recognition and operational support under 7-Eleven ownership.

Cons (what can bite you)

 
  • Lease Structure Variability
    Some assets may be NN or modified NNN with landlord responsibilities tied to roof, structure, or fuel systems.
  • Flat or Limited Rent Growth
    Many convenience store leases include limited rent escalations over long terms.
  • Environmental Considerations
    Fuel-related properties may involve underground storage tank and environmental review risks.
  • Re-Tenanting Challenges
    Fuel station layouts and canopy configurations can limit alternative tenant reuse in some markets.

Find out more

Speedway NNN property, Speedway cap rate, Speedway ground lease, Speedway 1031 exchange, Speedway tenant credit, Speedway net lease, Speedway investment property, Speedway real estate, Speedway lease terms, Speedway convenience store investment

Speedway Background & History

Speedway is a nationally recognized convenience store and fuel retail brand best known for its large network of gas stations and convenience stores across the United States. What began as a regional fuel retailer evolved into one of the country’s leading convenience store operators focused on fuel sales, foodservice, beverages, and daily convenience purchases.

Over time, the company expanded across major transportation corridors, suburban trade areas, and high-traffic commuter locations through organic growth and acquisitions. Today, customers rely on Speedway locations for fuel, snacks, beverages, prepared food, and everyday convenience needs.

As consumer preferences have shifted toward convenience, speed, and digital engagement, the company has adapted through loyalty programs, expanded foodservice offerings, modernized store formats, and operational efficiencies that support high daily transaction volumes.

Why Speedway Matters to NNN Investors

Speedway operates a large network of convenience stores and fuel stations that benefit from recurring transportation demand and repeat consumer traffic. The business model is centered on fuel sales, convenience retail, and necessity-based spending tied to daily commuting patterns.

Many Speedway locations are positioned on prime corner real estate with signalized intersections, strong visibility, and easy ingress and egress, helping support consistent customer traffic. Following the company’s acquisition by 7-Eleven, Speedway assets have gained additional attention from net lease investors due to broader operational scale and national convenience retail exposure.

This focus on daily-needs retail and transportation demand helps explain why Speedway properties remain attractive within the net lease market. Investors are often drawn to the combination of strong real estate fundamentals, long-term lease structures, and consistent consumer traffic patterns.

What Buyers and Sellers Should Evaluate

For investors evaluating Speedway NNN properties, a Speedway net lease, or a Speedway ground lease, the investment thesis is typically centered on real estate quality, traffic counts, and long-term site utility, rather than formal investment-grade credit ratings.

Common searches include Speedway real estate, Speedway cap rate, Speedway lease term, Speedway tenant profile, and fuel station performance. Ultimately, Speedway net lease value is driven by site-specific fundamentals, lease economics, traffic volume, fuel sales performance, and lease guaranty structure.

As convenience retail trends continue evolving, the strongest Speedway locations tend to be those positioned along major commuter corridors, dense suburban trade areas, and high-growth markets. Buyers and sellers should evaluate each property individually, including visibility, access, traffic patterns, environmental reports, underground storage tank responsibilities, surrounding competition, and lease language defining landlord obligations.

In addition, investors should consider long-term cash-flow durability, environmental exposure, lease rollover risk, and how the asset may perform across different hold periods and exit strategies.

Corporate vs. Franchise | Store Count

Speedway primarily operates under a corporate-operated model, with most locations managed directly rather than franchised. Speedway operates thousands of fuel stations and convenience stores across the U.S. and is now part of 7-Eleven. For investors, lease structure, site quality, and traffic counts typically matter more than total store count.

Speedway Financial Snapshot

Speedway operates as a large convenience store and fuel retail platform supported by fuel sales, foodservice, beverages, and daily consumer traffic. Following its acquisition by 7-Eleven, Speedway benefits from broader operational scale and national convenience retail support. For net lease investors, Speedway’s strong brand recognition, high-traffic locations, and recurring daily consumer demand are important factors when evaluating lease reliability and long-term income stability.

Speedway Lease Types

Most single-tenant Speedway properties are structured as long-term NNN or ground leases, though lease terms can vary by deal. While many assets are marketed as NNN, some properties may include NN or modified NNN structures with landlord responsibilities tied to roof, structure, or fuel-related systems. As a result, buyers should carefully review lease language, environmental responsibilities, expense reimbursements, and remaining lease term before underwriting and pricing.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Speedway ground lease properties or fee simple Speedway assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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