QuikTrip - Marietta, GA (Atlanta MSA)
692 Powder Springs Street, Marietta, GA, 30064, US
CHF 7,048,000 | 536 m²
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 200 S. Clayton Street, Lawrenceville, GA.
Strategically located along a high trafficked intersection with 53,400+ VPD and is located only a few blocks south of Downtown Lawrenceville. The area’s growth has been strong with 15% population growth since 2014. Notably, multiple large housing developments have delivered over the prior two years within a one-mile radius, adding 1,110+ apartments and homes to the area.
In June 2024, QuikTrip signed a new 10-year NNN lease extension with rent increases every five years and zero landlord expense responsibilities.
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Attributes
Asking price
CHF 5,499,000
Cap rate
5.85%
WAULT
9.3 years
Lease type
Absolute Triple Net
Year built
2014
Building area net
531 m²
Land area gross
0.84 ha
Occupancy
100%
Media
Investment Highlights
- Corporate guaranty from QuikTrip Corporation ("QT")
- Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
- Absolute NNN lease with zero landlord expense responsibilities
- Recent new 10-year lease extension and $2.48 PSF rent increases every five years
- Upcoming rent increase in May 2025
- Purpose-built for the Tenant in 2014 for QT’s new “Generation 3” store format
- Robust demographics with 198k population and $108k avg. household income
- Large 2.08-acre site on a hard corner & signalized intersection with 53,400+ VPD
Contact brokers
QuikTrip - Lawrenceville, GA (Atlanta MSA) (0 Properties)
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Last updated
10 Mar 2025
