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Auto Service - Gas-Conv

QuikTrip- Plaza DR

161 W Plaza Dr, Mooresville, NC 28117

Listing Price: $4,670,400

Cap Rate
6.00%
Tenant Name
QuikTrip
Years Remaining On Lease
5.0
Gross SF
6,590
Guarantor
Corporate Guarantee
Rentable SF
6,590
Price/Gross SF
$708.71
Lease Type
Absolute Net
Rent Per Square Feet
$42.52

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 five years remaining; commencing on January 1, 2013. The absolute-net lease has zero landlord responsibilities. Eight successive options remain that are five years each. The subject property is a 5,801-square foot, free-standing QuikTrip situated on a 6.44-acre lot. The property is located on the southwest corner of Plaza Dr and Macleod Dr Road with combined traffic counts of over 34,000 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
  • Absolute-Net Lease - Zero Landlord Responsibilities
  • 80% Bonus Depreciation
  • 950-Plus Unit Operator Throughout 14 States
  • Highly Populated Area 28,000 People Live Within Five Miles of Subject Property Average Household Income Exceeds $104,692
  • 6.44-Acre Parcel with Traffic Counts Exceeding 34,000 Vehicles per Day
  • Home To Lowes Companies Corporate Headquarters and Universal Technical Institute's NASCAR Technical Institute.
  • Major Employers in Mooresville Include Lowes (2,330 Employees) Academic Acquisition Corp (1,489 Employees), and HMK Holdings Global Wealth Partners (888),

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- Plaza DR

Listing Price: $4,670,400

Cap Rate
6.00%
Tenant Name
QuikTrip
Years Remaining On Lease
5.0
Gross SF
6,590
Guarantor
Corporate Guarantee
Rentable SF
6,590
Price/Gross SF
$708.71
Lease Type
Absolute Net
Rent Per Square Feet
$42.52

Investment Highlights

  • Strong Corporate Guarantee with Annual Revenue Exceeding $10.5 Billion
  • Absolute-Net Lease - Zero Landlord Responsibilities
  • 80% Bonus Depreciation
  • 950-Plus Unit Operator Throughout 14 States
  • Highly Populated Area 28,000 People Live Within Five Miles of Subject Property Average Household Income Exceeds $104,692
  • 6.44-Acre Parcel with Traffic Counts Exceeding 34,000 Vehicles per Day
  • Home To Lowes Companies Corporate Headquarters and Universal Technical Institute's NASCAR Technical Institute.
  • Major Employers in Mooresville Include Lowes (2,330 Employees) Academic Acquisition Corp (1,489 Employees), and HMK Holdings Global Wealth Partners (888),

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 five years remaining; commencing on January 1, 2013. The absolute-net lease has zero landlord responsibilities. Eight successive options remain that are five years each. The subject property is a 5,801-square foot, free-standing QuikTrip situated on a 6.44-acre lot. The property is located on the southwest corner of Plaza Dr and Macleod Dr Road with combined traffic counts of over 34,000 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

Financing By

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