Auto Service - Gas-Conv
QuikTrip
3459 FM 544, Wylie, TX 75098
Listing Price: $5,211,000
Cap Rate
5.00%
Tenant Name
QuikTrip
Years Remaining On Lease
6.4
Gross SF
4,958
Guarantor
Corporate Guarantee
Rentable SF
4,958
Price/Gross SF
$1,051.03
Lease Type
Absolute Net
Rent Per Square Feet
$52.55
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Wylie, Texas. The property consists of a 4,958-square-foot, freestanding building that sits on approximately 1.19 acres of land.
QuikTrip
Investment Highlights
- Absolute Net Lease with an Upcoming Rental Escalation in 2024
- 170% Population Growth Since 2000 and 14% Projected Growth in the Next Five Years (Five-Mile Radius)
- Rare 18-Year Lease Structure for an Established Infill Location
- Excellent Visibility on FM 544 (49,833 Vehicles per Day)
- Dense Retail Corridor Next to Woodbridge Crossing (447,462 SF of Retail)
- 194,874 Residents and an Average Household Income of $133,012 (Five-Mile Radius)
- Large 1.19 Acre Parcel at a Signalized Intersection
- H-E-B Owns 15.5 Acres Near the Subject Property
Exclusively Listed By
Financing By
Listing Price: $5,211,000
Cap Rate
5.00%
Tenant Name
QuikTrip
Years Remaining On Lease
6.4
Gross SF
4,958
Guarantor
Corporate Guarantee
Rentable SF
4,958
Price/Gross SF
$1,051.03
Lease Type
Absolute Net
Rent Per Square Feet
$52.55
Investment Highlights
- Absolute Net Lease with an Upcoming Rental Escalation in 2024
- 170% Population Growth Since 2000 and 14% Projected Growth in the Next Five Years (Five-Mile Radius)
- Rare 18-Year Lease Structure for an Established Infill Location
- Excellent Visibility on FM 544 (49,833 Vehicles per Day)
- Dense Retail Corridor Next to Woodbridge Crossing (447,462 SF of Retail)
- 194,874 Residents and an Average Household Income of $133,012 (Five-Mile Radius)
- Large 1.19 Acre Parcel at a Signalized Intersection
- H-E-B Owns 15.5 Acres Near the Subject Property
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Wylie, Texas. The property consists of a 4,958-square-foot, freestanding building that sits on approximately 1.19 acres of land.
Exclusively Listed By
Financing By
