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QuikTrip

3214 US-278, Covington, GA 30014

Listing Price: $4,550,000

Cap Rate
6.00%
Tenant Name
QuikTrip
Years Remaining On Lease
3.8
Gross SF
4,636
Guarantor
Corporate Guarantee
Rentable SF
4,636
Price/Gross SF
$981.45
Lease Type
Absolute Net
Rent Per Square Feet
$58.88

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Covington, GA. The property consists of a 4,636-square-foot, freestanding building that sits on approximately 2.60 acres of land. There are 4.1 years remaining on the lease with rental increases of $6,384/year at each option.

Investment Highlights

  • Absolute Net Lease with 4.1 Years Remaining
  • Oversized 2.60 Acre Parcel (113,256 SF)
  • Signalized Hard Corner Location on US Highway 278 and Highway 81; Combined Traffic Counts Exceed 38,848 Vehicles per Day
  • Dense Retail Corridor – Near Newton Plaza, A 262,792-SF Center Anchored by Kroger, Big Lots, and Planet Fitness

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Auto Service - Gas-Conv

QuikTrip

Listing Price: $4,550,000

Cap Rate
6.00%
Tenant Name
QuikTrip
Years Remaining On Lease
3.8
Gross SF
4,636
Guarantor
Corporate Guarantee
Rentable SF
4,636
Price/Gross SF
$981.45
Lease Type
Absolute Net
Rent Per Square Feet
$58.88

Investment Highlights

  • Absolute Net Lease with 4.1 Years Remaining
  • Oversized 2.60 Acre Parcel (113,256 SF)
  • Signalized Hard Corner Location on US Highway 278 and Highway 81; Combined Traffic Counts Exceed 38,848 Vehicles per Day
  • Dense Retail Corridor – Near Newton Plaza, A 262,792-SF Center Anchored by Kroger, Big Lots, and Planet Fitness

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Covington, GA. The property consists of a 4,636-square-foot, freestanding building that sits on approximately 2.60 acres of land. There are 4.1 years remaining on the lease with rental increases of $6,384/year at each option.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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