QuikTrip - Marietta, GA (Atlanta MSA)
692 Powder Springs Street, Marietta, GA, 30064, US
NZ$15,026,000 | 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 3229 Peachtree Corners Circle, Norcross, GA.
Located ±19 miles northeast of downtown Atlanta in an affluent community whose avg. HHI is $122,000+, the Property's location is excellent along Hwy-141 near the convergence of three major roadways: Hwy-141, Hwy-140, and Peachtree Industrial Blvd. The Property benefits from high traffic counts and accesses 245,600+ residents in the 5-mile radius.
In June 2024, QuikTrip signed a new 10-year NNN lease extension with a rent increase in February 2030 and every five years thereafter and zero landlord expense responsibilities.
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Attributes
Asking price
NZ$11,177,000
Cap rate
5.85%
WAULT
9.3 years
Lease type
Absolute Triple Net
Year built
2014
Building area net
465 m²
Land area gross
0.59 ha
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 10-year lease extension and rent increases of ±$2.32 PSF in Feb 2030 and every five years thereafter
- Initially purpose-built for the Tenant in 1991 and completely rebuilt in 2015 for QT’s new “Generation 3” store format
- High traffic counts of 30,700+ VPD
- Robust demographics with 246k population and $122k avg. household income
Contact brokers
QuikTrip - Norcross, GA (Atlanta MSA) (0 Properties)
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Last updated
23 Jan 2025
