QuikTrip - Norcross, GA (Atlanta MSA)_Property for Sale
QuikTrip - Norcross, GA (Atlanta MSA)_Property for Sale
3229 Peachtree Corners Circle, Peachtree Corners, GA, 30092, US

QuikTrip - Norcross, GA (Atlanta 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 at 3229 Peachtree Corners Circle, Norcross, GA (“Property” or “Asset”). The Asset features a corporate guaranty from QuikTrip Corporation, one of the world’s largest convenience store operators.

In June 2024, QuikTrip affirmed its long-term commitment to the Property by executing a new 10-year lease extension. The lease features ±10 years of lease term remaining, contractual rent escalations of ±$2.32 PSF in February 2030 and every five years thereafter, zero landlord expense responsibilities, and seven, five-year renewal options.

The Property is unique such that it was initially purpose-built for the Tenant in 1991. Then, in 2015, QuikTrip selected the Property to be fully upgraded by demolishing the prior improvements and rebuilding to its new store design, known as a “Generation 3” store. QT’s “Gen 3” concept was a strategic initiative for an upscale customer experience by enlarging the store footprint, upgrading the exterior façade to appear restaurant-like and enhancing its full-service kitchen to offer QT’s expanded products in fresh, made-to-order food and drink.

Located ±19 miles northeast of downtown Atlanta in an affluent community whose average household income is $122,000+, the Property is positioned in an excellent location 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 totaling 30,700+ VPD. The area experienced ±8.7% population growth since 2014 and boasts 245,600 affluent residents.

The Property’s retail corridor performs well with 7.1% vacancy and 22.8% rent growth since 2020. Major retailers proximate to the Property include Home Depot, Target, Publix, Dick’s Sporting Goods, T.J. Maxx, Office Depot, and LA Fitness. Additionally, the area is home to global industrial brands including FedEx Ground, Hyundai, and UPS, among many others.

This opportunity allows investors the unique ability to acquire an essential retail asset located in an infill and fundamentally strong suburban Atlanta market, offering secure, long-term cash flow backed by a market leading tenant with brand name recognition.



Asking price
THB 238,063,000
Cap rate
9.7 years
Lease type
Absolute Triple Net
Year built
Building area net
465 m²
Land area gross
0.59 ha


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 with zero landlord expense responsibilities
  • Brand new 10-year lease extension, growing cash flow with rent increases of ±$2.32 PSF in Feb 2030 and every five years thereafter, and seven, five-year renewal options
  • Initially purpose-built for the Tenant in 1991 and completely rebuilt in 2015 for QT’s new “Generation 3” store format
  • 33-year successful operating history at this location
  • Large 1.46-acre site located at the convergence of three major roadways: Hwy-141, Hwy-140, and Peachtree Ind. Blvd
  • High traffic counts of 30,700+ VPD
  • Robust demographics with 246k population (9% incr. since 2014) and $122k avg. household income
  • The Asset is situated within a strong retail corridor with 7.1% vacancy and 22.8% rent growth since 2020
  • Dense and infill location proximate to 6.3 million SF of retail, 41.9 million SF of industrial, and 9.0 million SF of office inventory
QuikTrip - Norcross, GA (Atlanta MSA) 4_Property for Sale
QuikTrip - Norcross, GA (Atlanta MSA) 4_Property for Sale

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QuikTrip - Norcross, GA (Atlanta MSA) (0 Properties)

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Last updated
11 Jul 2024