INVESTMENT OFFERING
SAB Capital is pleased to present QuikTrip in Gainesville, GA, 47 miles southwest of Atlanta. The tenant currently has 15 years remaining in the base term of their absolute triple net (NNN) ground lease. The lease features 10% escalations at each option. The property boasts significant local population growth with an 19.1% increase in a 5-mile radius since 2010. QuikTrip Corporation currently has 1,066 locations and is growing.
- Brand New Construction
- QuikTrip in Gainesville, GA | 47 Miles Southwest of Atlanta, GA
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure
- Structured Hedge Against Inflation | 10% Increases Every 5 Years
- Robust Local Population Growth | 19.1% Increase in 5 Mile Radius Since 2010; 3.1% Expected Growth in the Next 5 Years
- High Credit, Experienced Operator | QuikTrip is the 8th Largest Convenience Store in the US
- Signalized Hard Corner Location | HWY 53 Sees Over 23,015 VPD and Browns Bridge Rd Sees Over 21,665 VPD
- Significant Lease Term Remaining | 15 Years Left in Base Term
- National Retailers Located Nearby | RaceTrac, Walmart, Waffle House, Little Caesars, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
QuikTrip | $4,105,264 | 4.75% | NNN | 5,312 | Available |