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Views: 69 DOM: 217 Updated: 05.20.24 Posted: 11.08.23 Status: Active

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 13.6
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...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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...


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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
*ESRI data is presented for informational purposes only

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

Listing Broker

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