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QuickTrip
8820 Christenbury Parkway, Concord, NC 28027
$7,480,000
Cap Rate 5.00%
Summary
| Price $7,480,000 | Built/Renov 2017 | Tenant QuickTrip |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,879
| Lease Start
12-28-2017
| #Units
979
|
| Price/SF $1,272.33 | Expiration
12-31-2037
| Tenant Type Convenience/Gas |
| NOI $374,010 | R. Term 14.0 | Ownership Fee Simple |
| Rent/SF
$63.62
| Increases 5.0%/5/yrs | Pop 5Mi 150,978 |
| Lot/AC 3.16 | Options 7/5yrs/5% | AHHI 5Mi $113,454 |
| | |
Lease Highlights
- QuickTrip has 13+ years remaining on the current lease term with 7 (5-year) options to extend
- Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
QuickTrip is located at the signalized, hard corner intersection of Derita Road and Christenbury Parkway with access to a combined 33,000 vehicles per day. The property is strategically positioned along Interstate 85 (160,000VPD) and benefits from excellent visibility and multiple points of ingress/egress. The property consists of a 5,879 SF convenience store, a canopy with eight gas pumps and...
...Features
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Signalized intersection
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Hard corner intersection
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Dense retail corridor
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Near major nationals
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Top 100 MSA
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Strong demographics
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Absolute NNN
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Long 10+ yr lease
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Accelerated depreciation
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Corporate Guarantee
...
Maps
Tenant
- Tenant: QuickTrip
- Guarantor:Corporate
- Company:The QuikTrip Corporation
- # Units:979
- Stock:Private
About Tenant
The QuikTrip Corporation, more commonly known as QuikTrip (QT), is an American chain of convenience stores and gas stations that primarily operates in the Midwestern, Southern, and Southeastern...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,089 | 63,422 | 163,600 |
| 2023 Total Population : | 7,827 | 58,797 | 150,978 |
| 2023 Employed Civilian Pop : | 4,113 | 30,922 | 80,610 |
| 2023 Total Businesses : | 440 | 1,588 | 4,305 |
| 2023 Average Household Income : | $ 114,117 | $ 125,490 | $ 113,454 |
| 2023 Total Consumer Spending : | $ 318 M | $ 2354 M | $ 5522 M |
| 2023 Median Age : | 35 | 35 | 33 |
| 2023 Total Households : | 3,241 | 21,970 | 56,696 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,460 | 12,635 | 32,296 |
| 2023 Average Home Value : | $ 463,218 | $ 375,166 | $ 363,361 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Derita Rd | Concord Mills Blvd | 2018 | 15,500 | 0.08 mi |
| Concord Mills Boulevard | Derita Rd | 2018 | 21,500 | 0.13 mi |
| Concord Mills Blvd | Thunder Rd NW | 2016 | 21,000 | 0.25 mi |
| Derita Rd | Christenbury Rd | 2016 | 13,000 | 0.27 mi |
| SR 2894 | Cox Mill Rd | 2020 | 17,500 | 0.27 mi |
| SR 1448 | Cox Mill Rd | 2020 | 6,500 | 0.38 mi |
| Odell School Rd | Carolina Lilly Ln | 2014 | 12,000 | 0.45 mi |
| Carolina Lily Ln | Calpella Ct | 2010 | 1,600 | 0.56 mi |
| Concord Mills Blvd | I- 85 | 2016 | 42,000 | 0.82 mi |
| Christenbury Rd | Accipiter Way | 2016 | 6,600 | 0.92 mi |
