QuikTrip - Denton, TX_Property for Sale
QuikTrip - Denton, TX_Property for Sale
3300 East University Drive, Denton, TX, 76208, US

QuikTrip - Denton, TX

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a single-tenant QuikTrip gas & convenience store located at 3300 E University Drive, Denton, TX.


Located in Denton, TX, the Property is ideally located at the convergence of two major roadways: US-380 and Hwy-288. The Property benefits from high traffic counts totaling 68,400+ VPD with direct access to the Hwy-288 exit ramp. The Property is located less than three miles from Texas Woman’s University (“TWU”), home to 16,000+ undergraduate students and ~2,000 staff members. Additionally, ~47,000 students at University of North Texas call Denton home as it is one of the nation’s largest universities and encompasses 900-acres less than five miles from the Property.


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Attributes

Asking price
CHF 2,835,000
Cap rate
5.65%
WAULT
4.5 years
Lease type
Absolute Triple Net
Year built
2003
Building area net
462 m²
Occupancy
100%
Land area gross
0.83 ha

Media

Investment Highlights

  • Ideal location at US-380 & Hwy-288 crossroad with 68,400+ VPD
  • Recent 5-yr lease extension with rent escalations of ±$1.10 PSF every five years
  • Corporate guaranty from QuikTrip Corporation ("QT")
  • Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
  • Absolute NNN lease structure with zero landlord expense responsibilities
  • 20+ year successful occupancy history
  • Proximate to two large universities containing over 63,000 students
  • The area experienced ±17.0% population growth since 2014 and boasts 123,000 affluent residents.
QuikTrip - Denton, TX 4_Property for Sale
QuikTrip - Denton, TX 4_Property for Sale

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QuikTrip - Denton, TX (0 Properties)

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Last updated
9 Sep 2024