QuikTrip - 511 S. Zang Blvd, Dallas, TX_Property for Sale
QuikTrip - 511 S. Zang Blvd, Dallas, TX_Property for Sale
511 South Zang Boulevard, Dallas, TX, 75208, US

QuikTrip - 511 S. Zang Blvd, Dallas, TX

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 511 S Zang Boulevard in Dallas, TX.


The Asset is located ±4 miles south of downtown Dallas in a well-populated community with a total of 344K residents within a 5-mile radius. The Property is positioned in an excellent location directly on Interstate-35 benefiting from high traffic counts totaling 141,000+ VPD. The Property is one of only two convenience and gas stores directly off the interstate exit.

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Attributes

Asking price
€5,379,000
Cap rate
5.65%
WAULT
9.7 years
Lease type
Absolute Triple Net
Year built
2014
Building area net
544 m²
Land area gross
0.68 ha

Media

Investment Highlights

  • Excellent location on I-35 with high traffic counts totaling 141,000+ VPD
  • One of only two c-store and gas stations directly off the I-35 exit ramp along 12th street
  • New 10-year lease extension and rent increases of ±$2.08 PSF every five years
  • Upcoming rent increase in March 2025
  • Absolute NNN lease structure with zero landlord expense responsibilities
  • Purpose-built for QT in 2014 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
QuikTrip - 511 S. Zang Blvd, Dallas, TX 4_Property for Sale
QuikTrip - 511 S. Zang Blvd, Dallas, TX 4_Property for Sale

Contact brokers

QuikTrip - 511 S. Zang Blvd, Dallas, TX (0 Properties)

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Last updated
10 Sep 2024