QuikTrip - Grand Prairie, TX (Dallas MSA)_Property for Sale
QuikTrip - Grand Prairie, TX (Dallas MSA)_Property for Sale
1206 West Main Street, Grand Prairie, TX, 75050, US

QuikTrip - Grand Prairie, TX (Dallas MSA)

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.

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Attributes

Asking price
THB 171,162,000
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
QuikTrip - Grand Prairie, TX (Dallas MSA) 4_Property for Sale
QuikTrip - Grand Prairie, TX (Dallas MSA) 4_Property for Sale

Contact brokers

QuikTrip - Grand Prairie, TX (Dallas MSA) (0 Properties)

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Last updated
10 Sep 2024