RaceTrac
Interested in selling your RaceTrac NNN property or RaceTrac ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market RaceTrac NNN property for sale or RaceTrac ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your RaceTrac NNN property or the inclusion of a RaceTrac ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market RaceTrac properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2025, RaceTrac operates nearly 800 retail locations under its RaceTrac and RaceWay brands across the U.S. The network spans 13–14 states in the Southeastern and Southern United States.
Revenue and income
RaceTrac is privately held, so it does not publicly release full financials — but company profiles estimate that RaceTrac is one of the largest private convenience-store operators in the U.S. with substantial annual revenues. RaceTrac offers a diversified business model: fuel sales + convenience retail + in-store food/beverage offerings, including coffee, fresh food, and “Swirl World” frozen treats — providing multiple revenue streams beyond fuel or retail alone.
Future plans
Big growth initiatives
1. Continued store expansion
RaceTrac continues opening new locations, aiming to expand its footprint across its core regional markets, and potentially beyond. The company’s 90-year legacy (founded 1934) supports long-term growth strategy.
2. Enhanced convenience + food & beverage offerings
The chain emphasizes a broad in-store offering — freshly brewed coffee, ready-to-go foods, frozen treats (“Swirl World”), and convenience items — to attract both fuel customers and everyday convenience shoppers.
3. Corporate strength & acquisition activity
RaceTrac remains privately owned, family-led, and has expanded through acquisitions (e.g. in recent years, broadening its wholesale/fuel-supply capacity via acquisitions).
4. Operational scale & workforce
The company employs over 10,500 team members across its divisions, reflecting its scale and operational capacity to manage a large convenience-store network.
Corporate vs. franchise
- RaceTrac is a privately held, family-owned company, founded in 1934 by Carl Bolch Sr..
- The brand includes both RaceTrac (company-operated) and RaceWay (contract-operated) stores — giving operational flexibility, but maintaining centralized oversight for consistency in many locations.
- Most stores follow a corporate-ownership model, which helps maintain uniform standards, fueling operations, and the convenience + retail + food model across its network.
Additional Information about RaceTrac Properties
RaceTrac began in 1934 (originally “Carl Bolch Trackside Stations”).
- Headquarters: Atlanta, Georgia, USA.
- Many RaceTrac stores feature: multiple fueling pumps (fuel and diesel), convenience-store retail, fresh food & beverages, frozen treats (“Swirl World”), ready-to-go foods, and more — making them multi-service convenience hubs rather than simple gas stations.
The brand emphasizes convenience, variety, and high throughput — attractive attributes for long-term retail/fuel + real-estate investment potential.
RaceTrac History
RaceTrac was founded in 1934 by Carl Bolch Sr. in Missouri under the name Carl Bolch Trackside Stations. Over time, the company evolved into a convenience-store and fuel-station operator, relocating headquarters to Atlanta, Georgia. By expanding fueling capacity, convenience-store offerings, and in-store food/beverage services, RaceTrac steadily grew its footprint across the Southern United States. By the early 2000s, the chain had established itself as a major regional convenience chain. In 2024–2025, RaceTrac celebrated its 90th anniversary, marking nearly a century of operations, and reaffirmed its commitment to growth and convenience retail.
Why Invest in Ground Lease and NNN Lease of RaceTrac?
Investing in RaceTrac’s ground lease and triple net (NNN) lease properties offers compelling reasons:
1) RaceTrac NNN Property Investment: Diversified income potential
Because RaceTrac combines fuel, convenience retail, and in-store food/beverage, properties generate multiple revenue streams — fuel sales, in-store retail, food and beverage — reducing reliance on a single income channel.
2) RaceTrac NNN Property Investment: Established, stable operator
With nearly 800 locations, decades-long operating history, and significant private ownership — RaceTrac offers stability and resilience, reducing risk of abandonment or volatility.
3) RaceTrac NNN Property Investment: Low landlord responsibility (depending on lease structure)
With proper lease design (true NNN or ground lease), the tenant (RaceTrac) handles day-to-day operations, maintenance, fuel supply obligations, taxes, and insurance — giving investors a largely passive, long-term income stream.
4) RaceTrac NNN Property Investment: Potential for attractive lease structure / returns
Fuel & convenience properties often command strong investor demand (due to stable traffic, fuel sales, and diversified consumer base). Long lease terms and fuel-infrastructure-based real estate can offer solid yield potential.
5) RaceTrac NNN Property Investment: Real estate value
RaceTrac chooses high-traffic corridors, suburban commuter routes, and travel-center-ready sites — which tend to maintain long-term real estate value due to continued demand for fuel, convenience goods, and grab-&-go food.
Pros and Cons of RaceTrac Ground Lease and NNN Lease Investment
Pros:
Diversified revenue streams (fuel + retail + food) — reduces reliance on a single segment.
Well-established and growing chain with long history and corporate backing.
Passive landlord model possible with NNN / ground lease structure.
Attractive real-estate fundamentals given fuel and convenience demand.
Site traffic resilience: fuel + convenience demand tends to persist over time even in varying economic conditions.
Cons:
Exposure to fuel-price volatility and regulatory/fuel-market risks.
Environmental and compliance risk due to fuel storage, pumps, and possible underground tanks (common to fuel-retail properties).
Lease returns depend heavily on lease terms (who bears environmental risk, maintenance, fuel-related liability).
Convenience/fuel retail market is competitive; shifts in consumer behavior (electric vehicles, policy changes) could impact long-term demand.
Market/regional concentration: RaceTrac is mostly in the Southeastern U.S.; investment value may vary by geography.
Thorough due diligence is critical when evaluating a RaceTrac NNN or ground lease property. Key areas to examine:
Site environmental compliance (fuel tanks, pumps, local regulations)
Lease structure and liability allocation (maintenance, environmental risk, taxes, insurance)
Market fundamentals: traffic patterns, demographics, fuel demand trends
Tenant financial strength and chain’s expansion/market position
Consult experienced real-estate attorneys, environmental consultants, and financial advisors to ensure any RaceTrac investment aligns with your portfolio goals, risk tolerance, and 1031 exchange requirements.
MarketWatch: RaceTrac
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