Applebee's - Hastings
2000 Vermillion Street, Hastings, MN, 55033, US
NT$62,981,000 | 508 m²
Description
JLL is pleased to present the exclusive opportunity to acquire the single-tenant QuikTrip located at 920 E Tucson Marketplace Blvd, Tucson, AZ within The Bridges (“Property” or the “Asset”). QuikTrip is operating on an absolute NNN ground lease with ±18.3 years of primary lease term remaining, with a 10% rent bump in Year 16 and 10% bumps at the start of each option, zero landlord responsibilities and nine, five-year renewal options.
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Attributes
Asking price
NT$91,598,000
Cap rate
5%
NOI
NT$4,580,000
WAULT
18.3 years
Building area net
465 m²
Year built
2023
Media
Investment Highlights
- Absolute NNN ground lease with ±18.3 years of primary lease term remaining and low $145K ground rent
- Outparcel to The Bridges, a top 1% shopping center in AZ & US
- QuikTrip is a market leading convenience store chain generating $11B+ in revenue
- Adjacent to the #1 most visited Walmart and the #1 most visited Costco in Arizona
- Positioned along I-10 with direct accessibility to 112,000 VPD
- Adjacent to Geico's 200K SF regional headquarters
- Strong area demographics with 249K residents within a 5-mile radius
Contact brokers
QuikTrip - The Bridges - Tucson, AZ (0 Properties)
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Last updated
4 Dec 2025
