A newly built 7-Eleven and Speedway truck stop at the gateway to New Albany's booming business park has sold for $15.6 million, landing a Southern California investor a long-term lease right next door to Intel's sprawling new chip campus. The 4,816-square-foot property sits on 7.38 acres at 10030 Innovation Campus Way, within arm's reach of one of the most closely watched construction sites in the Midwest.
CBRE arranged the deal, according to Connect CRE, which reported the transaction at $15.6 million even as its own headline cited a $16 million figure — a discrepancy the outlet's published account does not reconcile. The buyer was described only as a private investor based in Southern California, while the seller was identified as an Ohio-based commercial real estate developer; neither party's identity was disclosed beyond those descriptions. CBRE's Melissa Marshall, Ian Schroeder and David McNevin represented the buyer in the acquisition, the report notes.
The property comes with a new 15-year triple-net lease to 7-Eleven, the kind of long-term, low-maintenance income stream that has made convenience and fuel retail a favorite among investors chasing stability. Marshall, a senior vice president at CBRE, said as much in comments to the outlet: “Gas station investments remain a top target for investors seeking durable income and highly desirable tax advantages like bonus depreciation.” The same report frames the site's location — at the entrance to the 9,000-acre New Albany International Business Park and adjacent to Intel's new campus — as delivering both immediate tax benefits and long-term income stability.
A Corridor Transformed by Chips and Capital
The truck stop sits inside what the report calls one of central Ohio's fastest-growing commercial corridors, surrounded by major corporate occupiers and ongoing economic development activity. That growth is anchored by Intel's Ohio One project, a $20 billion construction effort building two semiconductor fabs in neighboring Licking County. As NBC4 reported, Intel recently installed the first major structural truss in the first New Albany fab, a milestone toward a completion target the company now expects to hit by 2032 for both facilities.
New Albany itself has leaned heavily into this kind of corporate investment for over a decade. The city says it has drawn more than $83 billion in private investment overall, yielding 41 million square feet of development and roughly 29,000 jobs, according to the city's own data center development office. Data centers in particular have reshaped the area since the first such investment arrived in 2010 — since then, about 15 information technology companies have built 40 facilities in the community, per the same city figures. New Albany is home to roughly 11,000 residents and sits about 20 minutes northeast of downtown Columbus.
More Deals Follow the Corridor's Momentum
The New Albany sale is not the only 7-Eleven-linked property moving in the region. Earlier this year, a property owned by 7-Eleven Inc. was listed for $11.6 million in southern Licking County, a site that also includes a Speedway and a Raise the Roost restaurant, according to the Columbus Business Journal. Taken together, the listings suggest investors are increasingly eyeing fuel and convenience retail sites that sit along the same growth corridor feeding Intel's construction boom.
Separately, the city of New Albany has also announced that Bayer plans to invest $2.2 billion in a new pharmaceutical manufacturing site within the New Albany International Business Park, though that announcement remains only lightly documented and its connection to the truck stop sale itself is not established. For now, the confirmed facts are narrower: a newly built convenience and fuel site, a 15-year lease to 7-Eleven, and a buyer betting on proximity to one of the largest industrial construction projects in Ohio.
