QuikTrip - Marietta, GA (Atlanta MSA)
692 Powder Springs Street, Marietta, GA, 30064, US
MYR 37,747,000 | 536 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 3317 Lawrenceville Highway, Tucker, GA.
The Property was initially purpose-built for the Tenant in 2002. In July 2024, QuikTrip exercised its second, five-year extension early, which extended its expiration date to December 2030. The lease features ±6.0 years of lease term remaining and zero landlord expense responsibilities.
The Property is located ±19 miles northeast of downtown Atlanta in a very affluent community near the convergence of three major roadways: US-29, I-285, and US-78. The corridor is home to the Northlake Festival Shopping Center and Northlake Mall (super regional shopping mall).
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Attributes
Asking price
MYR 21,823,000
Cap rate
6.1%
Remaining lease term
5.8 years
Lease type
Absolute Triple Net
Year built
2002
Building area net
390 m²
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
- Early 5-year lease renewal in July 2024, affirming QT's long-term commitment to the Property
- ±6.0 years of lease term remaining and two, five-year renewal options
- Purpose-built for QT in 2002
- Large 2.60-acre site located along US-29, a high trafficked roadway with 42,500+ VPD
- Near the convergence of three major roadways: I-285, US-78, and US-29
- Robust demographics with 294k population and $112k avg. household income
Contact brokers
QuikTrip - Tucker, GA (Atlanta MSA) (0 Properties)
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Last updated
23 Jan 2025
