7-Eleven (Speedway)

Investment Overview

Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant 7-Eleven (Speedway) convenience store located at 2500 N Saginaw Road in Midland, Michigan. The property consists of a 3,136-square-foot retail building situated on 1.02 acres and is secured by an Absolute NNN lease, providing investors with a truly passive ownership structure with no landlord responsibilities. The asset is offered at $6,456,937, representing a 5.25% capitalization rate, and generates an annual Net Operating Income of $338,989. The lease commenced on November 22, 2024, and extends through December 31, 2038, providing long-term income backed by one of the nation's largest convenience store operators. The lease features 1.0% annual rent increases, offering consistent contractual income growth throughout the lease term. Strategically located along North Saginaw Road, the property benefits from excellent visibility, convenient access, and strong traffic counts within the Midland market. Backed by the nationally recognized 7-Eleven (Speedway) brand and the essential nature of convenience retail and fuel operations, this offering presents investors with the opportunity to acquire a high-quality net lease asset supported by a long-term lease and predictable cash flow.

Investment Highlights

• ABSOLUTE NNN LEASE – Provides a truly passive investment with no landlord responsibilities.
• LONG-TERM LEASE – Lease commenced November 22, 2024, and runs through December 31, 2038.
• BUILT-IN ANNUAL RENT GROWTH – Contractual 1.0% annual rent increases provide consistent income growth.
• ATTRACTIVE INVESTMENT RETURN – Offered at $6,456,937 with a 5.25% capitalization rate.
• STRONG ANNUAL CASH FLOW – Generates $338,989 in annual Net Operating Income.
• NATIONALLY RECOGNIZED TENANT – Occupied by 7-Eleven (Speedway), one of the largest convenience store operators in North America.
• MODERN RETAIL ASSET – 3,136 SF convenience store situated on 1.02 acres.
• HIGH-VISIBILITY LOCATION – Strategically positioned along North Saginaw Road with excellent visibility and convenient access.
• ESSENTIAL RETAIL INVESTMENT – Convenience stores and fuel stations benefit from recurring consumer demand and daily necessity-based traffic.
• STABLE LONG-TERM OPPORTUNITY – Opportunity to acquire a premier net lease asset backed by a market-leading convenience retailer with contractual rental growth.