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Auto Service - Gas-Conv

QuikTrip

7259 NC-73, Denver, NC 28037

Listing Price: $6,225,000

Cap Rate
4.75%
Tenant Name
QuikTrip
Years Remaining On Lease
6.9
Gross SF
5,667
Guarantor
Corporate Guarantee
Rentable SF
5,667
Price/Gross SF
$1,098.46
Lease Type
Absolute Net
Rent Per Square Feet
$52.17

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.

Investment Highlights

  • Absolute Net Lease with Approximately 6.9 Years Remaining
  • Outparcel to Walmart Supercenter
  • Gen 3 Store (Includes "QT Kitchen" Renovation) on a Large 2.02 Acre Parcel
  • Signalized Hard Corner Location on State Road 73, Where Traffic Counts Exceed 27,602 VPD
  • Highly Affluent North Charlotte Submarket - Average Household Income of $145,902 (Five-Mile Radius)
  • 2 Miles from Lake Norman, the Largest Man-Made Lake in North Carolina

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

QuikTrip

Listing Price: $6,225,000

Cap Rate
4.75%
Tenant Name
QuikTrip
Years Remaining On Lease
6.9
Gross SF
5,667
Guarantor
Corporate Guarantee
Rentable SF
5,667
Price/Gross SF
$1,098.46
Lease Type
Absolute Net
Rent Per Square Feet
$52.17

Investment Highlights

  • Absolute Net Lease with Approximately 6.9 Years Remaining
  • Outparcel to Walmart Supercenter
  • Gen 3 Store (Includes "QT Kitchen" Renovation) on a Large 2.02 Acre Parcel
  • Signalized Hard Corner Location on State Road 73, Where Traffic Counts Exceed 27,602 VPD
  • Highly Affluent North Charlotte Submarket - Average Household Income of $145,902 (Five-Mile Radius)
  • 2 Miles from Lake Norman, the Largest Man-Made Lake in North Carolina

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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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