Northlake Mall
6801 Northlake Mall Dr, Charlotte, NC, 28216-0711, US
100,227 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 10621 Monroe Road, Matthews, NC.
Located ±11 miles southeast of downtown Charlotte in an extremely affluent community and strong retail corridor. In June 2024, QuikTrip affirmed its long-term commitment to the Property by executing a new 10-year lease extension. The lease includes rent increases of $1.76 PSF every five years and zero landlord expense responsibilities.
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Attributes
Asking price
€4,377,000
Cap rate
5.65%
Remaining lease term
9.7 years
Lease type
Absolute Triple Net
Year built
2015
Building area net
544 m²
Land area gross
0.89 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
- New 10-year lease extension, rent increases of ±$1.76 PSF every five years, and ten, five-year renewal options
- Upcoming rent increase in August 2025
- Below market rent
- Exceptional demographics with 191k population and $132k avg. household income
Contact brokers
QuikTrip - Matthews, NC (Charlotte MSA) (0 Properties)
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Last updated
29 Sep 2024
