QuikTrip - 511 S. Zang Blvd, Dallas, TX_Property for Sale
QuikTrip - 511 S. Zang Blvd, Dallas, TX_Property for Sale
511 South Zang Boulevard, Dallas, TX, 75208, US

QuikTrip - 511 S. Zang Blvd, Dallas, 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 511 S Zang Boulevard in Dallas, TX.


The Asset is located ±4 miles south of downtown Dallas in a well-populated community with a total of 344K residents within a 5-mile radius. The Property is positioned in an excellent location directly on Interstate-35 benefiting from high traffic counts totaling 141,000+ VPD. The Property is one of only two convenience and gas stores directly off the interstate exit.

...

Attributes

Asking price
CN¥40,595,000
Cap rate
5.65%
WAULT
9.7 years
Lease type
Absolute Triple Net
Year built
2014
Building area net
544 m²
Land area gross
0.68 ha

Media

Investment Highlights

  • Excellent location on I-35 with high traffic counts totaling 141,000+ VPD
  • One of only two c-store and gas stations directly off the I-35 exit ramp along 12th street
  • New 10-year lease extension and rent increases of ±$2.08 PSF every five years
  • Upcoming rent increase in March 2025
  • Absolute NNN lease structure with zero landlord expense responsibilities
  • Purpose-built for QT in 2014 to its new Generation 3 store format
  • Corporate guaranty from QuikTrip Corporation ("QT")
  • Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
QuikTrip - 511 S. Zang Blvd, Dallas, TX 4_Property for Sale
QuikTrip - 511 S. Zang Blvd, Dallas, TX 4_Property for Sale

Contact brokers

QuikTrip - 511 S. Zang Blvd, Dallas, TX (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
10 Sep 2024