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Auto Service - Gas-Conv

QuikTrip

600 South Marietta Pkwy SE, Marietta, GA 30060

Listing Price: $5,456,000

Cap Rate
5.75%
Tenant Name
QuikTrip
Years Remaining On Lease
4.0
Gross SF
4,514
Guarantor
Corporate Guarantee
Rentable SF
4,514
Price/Gross SF
$1,208.68
Lease Type
Absolute Net
Rent Per Square Feet
$69.49

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Marietta, Georgia. The property consists of a 4,514-square foot, freestanding building that sits on approximately 1.58 acres of land. There are approximately four years remaining on the current lease term, with rental escalation scheduled throughout the options. The subject property is a “Gen 2.5” prototype, which includes the QT Kitchen renovation. The property is located at the signalized hard corner of South Marietta Parkway and South Fairground Street, where combined traffic counts exceed 59,916 vehicles per day. The area is extremely dense with more than 220,074 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Supercenter, Sam’s Club, Chick-fil-A, Grainger, CitiTrends, Little Caesars, Family Dollar, Zaxby’s and many more. The property is a half-mile from Marietta’s Lockheed Martin manufacturing plant and Dobbins Air Reserve Base—among the major industries and employers in the city. The daytime population increases 18% to 261,496 (5 Mile Radius) with employers like Lockheed Martin and Dobbins Air Reserve Base having 5,000 and 2,000 employees, respectively. In the last year, the Lockheed facility has secured a $1.4 billion, 10-year contract and a $328.8 million, five-year contract—showing their continued economic impact on the trade area.

Investment Highlights

  • Absolute Net Lease with Approximately Four Years Remaining
  • Signalized Hard Corner Location on South Marietta Parkway and South Fairground Street (59,916)
  • More than 220,074 Residents Within a Five-Mile Radius
  • Dense Infill Atlanta MSA Location
  • Half-Mile From Marietta's Lockheed Martin manufacturing plant and Dobbins Air Reserve Base
  • Generation 2.5 Prototype (Includes QT Kitchen Renovation) on a Large 1.58 Acres Parcel
  • Core, Infill Atlanta Asset - 15 Miles to Downtown
  • Special Tax Saving Privileges - Property May Qualify for Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Auto Service - Gas-Conv

QuikTrip

Listing Price: $5,456,000

Cap Rate
5.75%
Tenant Name
QuikTrip
Years Remaining On Lease
4.0
Gross SF
4,514
Guarantor
Corporate Guarantee
Rentable SF
4,514
Price/Gross SF
$1,208.68
Lease Type
Absolute Net
Rent Per Square Feet
$69.49

Investment Highlights

  • Absolute Net Lease with Approximately Four Years Remaining
  • Signalized Hard Corner Location on South Marietta Parkway and South Fairground Street (59,916)
  • More than 220,074 Residents Within a Five-Mile Radius
  • Dense Infill Atlanta MSA Location
  • Half-Mile From Marietta's Lockheed Martin manufacturing plant and Dobbins Air Reserve Base
  • Generation 2.5 Prototype (Includes QT Kitchen Renovation) on a Large 1.58 Acres Parcel
  • Core, Infill Atlanta Asset - 15 Miles to Downtown
  • Special Tax Saving Privileges - Property May Qualify for Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Marietta, Georgia. The property consists of a 4,514-square foot, freestanding building that sits on approximately 1.58 acres of land. There are approximately four years remaining on the current lease term, with rental escalation scheduled throughout the options. The subject property is a “Gen 2.5” prototype, which includes the QT Kitchen renovation. The property is located at the signalized hard corner of South Marietta Parkway and South Fairground Street, where combined traffic counts exceed 59,916 vehicles per day. The area is extremely dense with more than 220,074 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Supercenter, Sam’s Club, Chick-fil-A, Grainger, CitiTrends, Little Caesars, Family Dollar, Zaxby’s and many more. The property is a half-mile from Marietta’s Lockheed Martin manufacturing plant and Dobbins Air Reserve Base—among the major industries and employers in the city. The daytime population increases 18% to 261,496 (5 Mile Radius) with employers like Lockheed Martin and Dobbins Air Reserve Base having 5,000 and 2,000 employees, respectively. In the last year, the Lockheed facility has secured a $1.4 billion, 10-year contract and a $328.8 million, five-year contract—showing their continued economic impact on the trade area.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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