QuikTrip - Norcross, GA (Atlanta MSA)
3229 Peachtree Corners Circle, Peachtree Corners, GA, 30092, US
HK$49,237,000 | 5,000 sf
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.
...
Attributes
Asking price
HK$51,649,000
Cap rate
5.85%
WAULT
9.3 years
Lease type
Absolute Triple Net
Year built
2014
Building area net
5,720 sf
Land area gross
2.08 acres
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)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
23 Jan 2025
