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Dry Good

Quik Stop

8400 Church St, Gilroy, CA 95020

Listing Price: $1,405,800

Cap Rate
3.50%
Tenant Name
Quik Stop
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$24.60

Investment Overview

EG Group is the world's leading independent fuel station and convenience retailer, with a diversified portfolio of sites across eight countries in Europe and North America. By 2018 the business operations included 5,000+ sites, employing more than 25,000 people and generating pro forma annualized revenues in excess of $20 Billion globally. As part of its strategy to deliver profitable growth, EG Group partners with premium brands across its product and service offerings. On the fuel side, EG Group partners with prominent fuel brands such as Esso, BP, Shell and Texaco. In convenience retail, the business has cultivated relationships with well-known retail and grocery brands such as SPAR, Louis Delhaize and Carrefour, while EG Group's food to-go partners include brands such as Starbucks, Subway, Burger King, KFC, Greggs and Pomme de Pain. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true 'one stop' retail destination to satisfy multiple consumer missions. The business is reglarly recognized for innovation and investment. Zuber Issa and Mohsin Issa, Founders and co-CEOs of EG Group were jointly named the 2016 NACS Insight European Convenience Industry Leader of the Year.EG America is one of the fastest growing convenience store retailers in the United States. After acquiring Kroger's convenience store portfolio in April 2018 and Cumberland Farms' in 2019, EG America established its headquarters in Cincinnati, OH. The company has now grown to 1,700+ stores with locations across the United States. EG America stores Turkey Hill, Kwik Shop, Loaf 'N Jug, Tom Thumb, Quik Stop, Minnit Mart, Fastrac, and Certified Oil are the convenience stores of EG America, with the mission to grow the family of stores in the coming years.

Investment Highlights

  • 2 Years Remaining | Absolute NNN Lease
  • No Option Periods Remaining - there are no additional extension options providing an opportunity to negotiate a new lease term and possibly an increased rental rate
  • Dense Infill Location Situated Along Main Thoroughfare

Exclusively Listed By

Listing Price: $1,405,800

Cap Rate
3.50%
Tenant Name
Quik Stop
Years Remaining On Lease
2.0
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$24.60

Investment Highlights

  • 2 Years Remaining | Absolute NNN Lease
  • No Option Periods Remaining - there are no additional extension options providing an opportunity to negotiate a new lease term and possibly an increased rental rate
  • Dense Infill Location Situated Along Main Thoroughfare

Investment Overview

EG Group is the world's leading independent fuel station and convenience retailer, with a diversified portfolio of sites across eight countries in Europe and North America. By 2018 the business operations included 5,000+ sites, employing more than 25,000 people and generating pro forma annualized revenues in excess of $20 Billion globally. As part of its strategy to deliver profitable growth, EG Group partners with premium brands across its product and service offerings. On the fuel side, EG Group partners with prominent fuel brands such as Esso, BP, Shell and Texaco. In convenience retail, the business has cultivated relationships with well-known retail and grocery brands such as SPAR, Louis Delhaize and Carrefour, while EG Group's food to-go partners include brands such as Starbucks, Subway, Burger King, KFC, Greggs and Pomme de Pain. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true 'one stop' retail destination to satisfy multiple consumer missions. The business is reglarly recognized for innovation and investment. Zuber Issa and Mohsin Issa, Founders and co-CEOs of EG Group were jointly named the 2016 NACS Insight European Convenience Industry Leader of the Year.EG America is one of the fastest growing convenience store retailers in the United States. After acquiring Kroger's convenience store portfolio in April 2018 and Cumberland Farms' in 2019, EG America established its headquarters in Cincinnati, OH. The company has now grown to 1,700+ stores with locations across the United States. EG America stores Turkey Hill, Kwik Shop, Loaf 'N Jug, Tom Thumb, Quik Stop, Minnit Mart, Fastrac, and Certified Oil are the convenience stores of EG America, with the mission to grow the family of stores in the coming years.

Exclusively Listed By

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