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Auto Service - Gas-Conv

QuikTrip

2841 Turner Hill Rd, Lithonia, GA 30058

Listing Price: $10,877,000

Cap Rate
4.35%
Tenant Name
QuikTrip
Years Remaining On Lease
12.6
Gross SF
4,956
Guarantor
Corporate Guarantee
Rentable SF
4,956
Price/Gross SF
$2,194.71
Lease Type
Absolute Net
Rent Per Square Feet
$95.46

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Lithonia, GA. The property consists of a 4,956-square-foot, freestanding building that sits on approximately 2.30 acres of land. There are approximately 12.7 years remaining on the current lease term, with five percent rental escalations every five years, as well as each option thereafter. The signalized hard corner location has frontage on three major routes: Interstate 20 (137,000 VPD), Turner Hill Road (25,686 VPD) and Covington Highway (10,300 VPD). The area is dense with more than 104,109 residents within a five-mile radius. The nearby Mall of Stonecrest features more than 1.2 million square feet of retail and is anchored by JC Penny, Dillard’s and Macy’s.

Investment Highlights

  • Absolute Net Lease with Approximately 12.7 Years Remaining
  • Superior Lease Structure Compared to Other QuikTrip Locations – 5% Rental Escalations Every Five Years
  • Next to The Mall at Stonecrest, a Super-Regional Shopping Mall in the Growing I-20 Retail Corridor
  • Atlanta, GA MSA - 21 Miles to Downtown
  • Signalized Hard Corner Location with Excellent Visibility on Interstate 20 (137,000 VPD)
  • More than 104,109 Residents Within a Five-Mile Radius
  • Generation 2.5 Prototype (Includes QT Kitchen Renovation) on a Large 2.30 Acre Parcel

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Auto Service - Gas-Conv

QuikTrip

Listing Price: $10,877,000

Cap Rate
4.35%
Tenant Name
QuikTrip
Years Remaining On Lease
12.6
Gross SF
4,956
Guarantor
Corporate Guarantee
Rentable SF
4,956
Price/Gross SF
$2,194.71
Lease Type
Absolute Net
Rent Per Square Feet
$95.46

Investment Highlights

  • Absolute Net Lease with Approximately 12.7 Years Remaining
  • Superior Lease Structure Compared to Other QuikTrip Locations – 5% Rental Escalations Every Five Years
  • Next to The Mall at Stonecrest, a Super-Regional Shopping Mall in the Growing I-20 Retail Corridor
  • Atlanta, GA MSA - 21 Miles to Downtown
  • Signalized Hard Corner Location with Excellent Visibility on Interstate 20 (137,000 VPD)
  • More than 104,109 Residents Within a Five-Mile Radius
  • Generation 2.5 Prototype (Includes QT Kitchen Renovation) on a Large 2.30 Acre Parcel

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Lithonia, GA. The property consists of a 4,956-square-foot, freestanding building that sits on approximately 2.30 acres of land. There are approximately 12.7 years remaining on the current lease term, with five percent rental escalations every five years, as well as each option thereafter. The signalized hard corner location has frontage on three major routes: Interstate 20 (137,000 VPD), Turner Hill Road (25,686 VPD) and Covington Highway (10,300 VPD). The area is dense with more than 104,109 residents within a five-mile radius. The nearby Mall of Stonecrest features more than 1.2 million square feet of retail and is anchored by JC Penny, Dillard’s and Macy’s.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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