At Home - Fort Worth, TX
2201 Porter Creek Dr, Fort Worth, TX, 76177-2335, US
10,034 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 1206 W Main Street in Grand Prairie, TX.
The Property is positioned in an excellent location along George Bush Turnpike adjacent to the Heller Industrial Park, a 1.5 million SF park comprised of 8 distribution facilities. The Property benefits from high traffic counts totaling 77,400+ VPD and has nearly 250,000 residents within a 5-mile radius.
...
Attributes
Asking price
₹431,840,000
Cap rate
5.65%
WAULT
9.7 years
Lease type
Absolute Triple Net
Year built
2015
Building area net
531 m²
Land area gross
0.52 ha
Media
Investment Highlights
- Adjacent to George Bush Turnpike with high traffic counts of 77,400+ VPD
- New 10-year lease extension and rent increases of ±$1.91 PSF every five years
- Upcoming rent increase in August 2025
- Purpose-built for QT in 2015 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
- Absolute NNN lease structure with zero landlord expense responsibilities
- Strong demographics with nearly 250,000 residents in a five-mile radius
Contact brokers
QuikTrip - Grand Prairie, TX (Dallas 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
10 Sep 2024
