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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.

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

Auto Service - Gas-Conv

QuikTrip

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

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