QuikTrip - Decatur, GA (Atlanta MSA)_Property for Sale

3975 Flat Shoals Parkway, Decatur, GA, 30034, US

QuikTrip - Decatur, GA (Atlanta MSA)

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 3975 Flat Shoals Parkway, Decatur, GA.

In June 2024, QuikTrip affirmed its long-term commitment to the Property by executing a new 10-year lease extension. The lease features ±10 years of lease term remaining, contractual rent escalations of ±$2.54 PSF in 2032 and every five years thereafter, zero landlord expense responsibilities, and seven, five-year renewal options.

This opportunity allows investors the unique ability to acquire an essential retail asset located in an infill and fundamentally strong suburban Atlanta market, offering secure, long-term cash flow backed by a market leading tenant with brand name recognition.

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Attributes

Asking price

€7,594,000

Cap rate

5.65%

WAULT

9.7 years

Lease type

Absolute Triple Net

Year built

2016

Building area net

544 m²

Land area gross

0.91 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 structure with zero landlord expense responsibilities
Brand new 10-year lease extension, rent escalations of ±$2.54 PSF in 2032 and every five years thereafter, and seven, five-year renewal options
Purpose-built for QT in the early 1990s and rebuilt in 2016 for QT's new "Generation 3" store
Large 2.26-acre site on a hard corner (42,200+ VPD) and one-half mile from I-285 (142,200+ VPD)
Robust demographics with 184K population and 23% population growth since 2014
Ideal Hwy-155 adjacency near the crossroad of 3 major expressways: Hwy-155, I-285, and I-20