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Auto Service - Gas-Conv

QuikTrip- Mooresville NC (Charlotte MSA)

680 River Hwy, Mooresville, NC 28117

Listing Price: $7,349,714

Cap Rate
5.25%
Tenant Name
QuikTrip
Years Remaining On Lease
6.1
Gross SF
5,896
Guarantor
Corporate Guarantee
Rentable SF
5,896
Price/Gross SF
$1,246.56
Lease Type
Absolute Net
Rent Per Square Feet
$65.44

Investment Overview

Marcus & Millichap is pleased to present a QuikTrip, this absolute-net, corporate guaranteed lease is located in Mooresville, North Carolina which is 30 minutes north of Charlotte, North Carolina. The lease has six years remaining; commencing on July 1, 2013. The absolute-net lease has zero landlord responsibilities. Seven successive options remain that are five years each. The subject property is a 5,896-square foot, free-standing QuikTrip situated on a 2.30-acre lot. The property is located on the northwest corner of N.C. 150 and Ervin Road with combined traffic counts of over 26,000 vehicles per day. This station consists of eight gas pumps and 16 nozzles.

Investment Highlights

  • Strong Corporate Guarantee with Annual Revenue Exceeding $10.5 Billion
  • Seven Options with Increases
  • Absolute-Net Lease - Zero Landlord Responsibilities
  • Accelerated Depreciation
  • 850-Plus Unit Operator Throughout 11 States
  • Surrounding Retailers Include Sam's Club, Best Buy, Target and Lowes
  • 2.30-Acres Parcel with Traffic Counts Exceeding 26,000 Vehicles per Day

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Auto Service - Gas-Conv

QuikTrip- Mooresville NC (Charlotte MSA)

Listing Price: $7,349,714

Cap Rate
5.25%
Tenant Name
QuikTrip
Years Remaining On Lease
6.1
Gross SF
5,896
Guarantor
Corporate Guarantee
Rentable SF
5,896
Price/Gross SF
$1,246.56
Lease Type
Absolute Net
Rent Per Square Feet
$65.44

Investment Highlights

  • Strong Corporate Guarantee with Annual Revenue Exceeding $10.5 Billion
  • Seven Options with Increases
  • Absolute-Net Lease - Zero Landlord Responsibilities
  • Accelerated Depreciation
  • 850-Plus Unit Operator Throughout 11 States
  • Surrounding Retailers Include Sam's Club, Best Buy, Target and Lowes
  • 2.30-Acres Parcel with Traffic Counts Exceeding 26,000 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present a QuikTrip, this absolute-net, corporate guaranteed lease is located in Mooresville, North Carolina which is 30 minutes north of Charlotte, North Carolina. The lease has six years remaining; commencing on July 1, 2013. The absolute-net lease has zero landlord responsibilities. Seven successive options remain that are five years each. The subject property is a 5,896-square foot, free-standing QuikTrip situated on a 2.30-acre lot. The property is located on the northwest corner of N.C. 150 and Ervin Road with combined traffic counts of over 26,000 vehicles per day. This station consists of eight gas pumps and 16 nozzles.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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