7-Eleven (Speedway)

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.