Investment Overview

Marcus & Millichap is pleased to exclusively present a triple-net leased QuikTrip in the Dallas MSA. The NNN lease comes with no landlord responsibilities, ensuring a low-maintenance income source. Rental increments are scheduled every five years over the base term and option periods, ensuring a consistent revenue stream. With a remaining term of six years and the availability of seven 5-year options, the property offers long-term stability. Its impressive operating history stretching back to 2010 underscores its reliability. Investors can also take advantage of tax benefits, as the property qualifies for an 80% bonus depreciation in the first year, thanks to fee simple ownership. The location benefits from a strategic position, surrounded by numerous retailers, including a high-traffic ALDI store that attracted 151,800 visits in the past year. It is also directly opposite Woodbridge Crossing, which saw an impressive 3.7 million visits in the same period and features major tenants like Super Target, Kohl's, PetSmart, HomeGoods, and more. Furthermore, the vicinity witnesses ongoing retail development, with completed projects like Wild Fork, CareNow, and Dutch Bros in 2022, and current construction underway for Bojangles, Floor & Decor, and a four-tenant center comprising Maple Street Biscuit, Solis Mammography, Balance Grill, and Black Rifle Coffee. The property's value is bolstered by significant population growth within a one-mile radius, with an astonishing 864% increase since 2000, and further growth is anticipated. Currently, 8,696 residents call this area home within one mile, and a total of 194,874 people reside within five miles, with a projected 13.8% population surge by 2027. The average household income surpasses $134,000 within one and three miles, reflecting the neighborhood's economic prosperity. Moreover, the property enjoys exceptional visibility, situated along the heavily traveled Farm to Market 544 with a daily traffic count of 46,972 vehicles. This investment opportunity combines reliability, tax advantages, and promising growth prospects, making it a highly appealing option in the competitive real estate market.