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Auto Service - Gas-Conv

QuikTrip - Absolute NNN Corporate Lease

701 W Harris Rd, Arlington, TX 76001

Listing Price: $3,482,000

Cap Rate
6.10%
Tenant Name
QuikTrip
Years Remaining On Lease
4.8
Gross SF
5,476
Guarantor
Corporate Guarantee
Rentable SF
5,476
Price/Gross SF
$635.87
Lease Type
Absolute Net
Rent Per Square Feet
$38.77

Investment Overview

QuikTrip is a gas station and convenience store chain headquartered in Tulsa, Oklahoma with more than 1,150 locations in 20 states. With more than 31,000 employees, QuikTrip has consistently been ranked as one of the top convenience store marketers in product quality and friendly service.

Arlington is a city in Texas' Tarrant County, part of the Dallas/Fort Worth metropolitan area. Home to roughly 394,200 residents, Arlington is the second-largest city in the county after Fort Worth and the third-largest city in the metro after Dallas and Fort Worth.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty by QuikTrip
  • Rental Increases in Each of Six, Five-Year Renewal Options
  • Tenant Recently Executed a Five-Year Extension, Showing Commitment to the Site
  • 276,729 Residents within a 5-Mile Radius - Densely-Populated Trade Area in the Dallas/Fort Worth MSA
  • Average Household Income Exceeds $122,000 within a 3-Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

QuikTrip - Absolute NNN Corporate Lease

Listing Price: $3,482,000

Cap Rate
6.10%
Tenant Name
QuikTrip
Years Remaining On Lease
4.8
Gross SF
5,476
Guarantor
Corporate Guarantee
Rentable SF
5,476
Price/Gross SF
$635.87
Lease Type
Absolute Net
Rent Per Square Feet
$38.77

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty by QuikTrip
  • Rental Increases in Each of Six, Five-Year Renewal Options
  • Tenant Recently Executed a Five-Year Extension, Showing Commitment to the Site
  • 276,729 Residents within a 5-Mile Radius - Densely-Populated Trade Area in the Dallas/Fort Worth MSA
  • Average Household Income Exceeds $122,000 within a 3-Mile Radius

Investment Overview

QuikTrip is a gas station and convenience store chain headquartered in Tulsa, Oklahoma with more than 1,150 locations in 20 states. With more than 31,000 employees, QuikTrip has consistently been ranked as one of the top convenience store marketers in product quality and friendly service. Arlington is a city in Texas' Tarrant County, part of the Dallas/Fort Worth metropolitan area. Home to roughly 394,200 residents, Arlington is the second-largest city in the county after Fort Worth and the third-largest city in the metro after Dallas and Fort Worth.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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