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 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 178,767,000
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
Contact brokers
QuikTrip - Grand Prairie, TX (Dallas MSA) (0 Properties)
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Last updated
10 Sep 2024
