Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Denver, North Carolina. The property consists of a 5,667-square-foot, freestanding building that sits on approximately 2.02 acres of land. There are approximately 6.9 years remaining on the current lease term, with rental escalations every five years in the option periods. This is a generation 3 store, which is the most recent prototype and includes the “QT Kitchen” renovation. The property is located at a signalized hard corner on State Road 73, where traffic counts exceed 27,602 vehicles per day. The area is dense with more than 210,567 residents within a ten-mile radius. The property is 22 miles from downtown Charlotte and 2 miles from Lake Norman, the largest man-made lake in North Carolina.