QuikTrip - Marietta, GA (Atlanta MSA)
692 Powder Springs Street, Marietta, GA, 30064, US
CA$12,120,000 | 536 sm
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 1887 Willow Trail Parkway in Norcross, Georgia.
The Property totals 141,690 SF and features ±6.7 years of lease term remaining with a corporate guaranty from At Home. The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 14.27% rent escalations every 5-years throughout the primary term & renewal options.
The asset is located with frontage along Interstate 45, which sees 302,000+ vehicles per day, and adjacent to Venture Pointe shopping center, a Costco, and a Sam’s Club, which see a combined 6.3 million annual visitors (Placer.ai).
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Attributes
NOI
CA$1,009,000
WAULT
6.7 years
Building area net
13,163 sm
Land area gross
1 sm
Media
Investment highlights
- Absolute NNN lease with zero landlord responsibilities
- $253M in household furnishings & equipment spending in 2024 (5-mile radius)
- Adjacent to 2.0M annual-visitor Venture Pointe shopping center
- Along I-45 with exposure to 302,000 VPD
- 67% increase in daytime population in 1-mile radius
Contact brokers
At Home - Norcross, GA (0 Properties)
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Last updated
Feb 14, 2025
