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 at 901 East Division Street, Arlington, TX.
QuikTrip is positioned adjacent to AT&T Stadium, home to the Dallas Cowboys. With the ability to accommodate 100,000+ guests, AT&T Stadium is the largest stadium in the NFL by seating capacity and hosts over four million guests each year. Also adjacent to the Property is the Texas Rangers’ Globe Life Field (40,300 seating capacity), Six Flags Over Texas (DFW’s largest theme park), and Texas Live (200,000 SF large-scale entertainment district).
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Attributes
Asking price
₩4,955,026,000
Cap rate
5.35%
WAULT
4.4 years
Lease type
Absolute Triple Net
Building area net
455 m²
Year built
2003
Land area gross
0.59 ha
Media
Investment Highlights
- Outstanding location next to AT&T Stadium (4 million visitors annually)
- Large 1.5-acre site on a hard corner at the gates of Arlington's entertainment district (59,500+ VPD)
- Recent 5-year lease extension and rent escalations of ±$1.17 PSF every five years
- 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
- Purpose-built for QT who has 20+ years of successful operating history at this site
- Next to Texas Ranger's Globe Life Field and Six Flags Great America
Contact brokers
QuikTrip at AT&T Stadium - Arlington, TX (0 Properties)
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Last updated
10 Sep 2024
