3,200 Sq. Ft. C Store and Gas Station, 5 years Remaining on Option Period
Lease Type: Absolute NNN
Landlord Responsibilities: None
CAP RATE – 6%
- 5 Year Absolute NNN Lease, Creating a Stable Cash Flow Asset with No Landlord Responsibilities.
- Corporately Guaranteed by QUICKTRIP CORPORATION
- Tenant has been in occupancy for 30 years with recent upgrades.
- Strategically positioned on Satellite Road near Pleasant Hill Road in Duluth GA.
- Convenience Stores Have Been Designated an “Essential Business”.
- COVID-19, Recession, and Internet Resistant Use.
- Constructed in 1990 with continual upgrades.
- Affluent Area with Disposable Income – Average House Income Exceeds $101,252 in a 5-Mile Radius
- Tenant Name: QUICKTRIP
- Guarantor: QUICKTRIP CORPORATION
- Property Location: 3495 Satellite Boulevard – Duluth, GA 30096
- Legal Description: Land Lot 232 Parcel 6-232-088 of the 6th District Gwinnett County GA
- Building Size: 3,200 Sq. Ft. C Store and Gas Station
- Occupancy: 100%
- Lease Commencement: April 30th, 1990
- Remaining Term on Last Option: 5 years
- Lease Type: Absolute NNN
- Landlord Responsibilities: None
- Parking: 22 spaces – 2 Handicap
- Frontage/Access: Hard Corner – 250 Feet on Satellite Boulevard and 150 Feet on Merchants Way
- Gas Tanks: Three – 12,000 Gallon Tanks
- Traffic Count: 38,317 VPD
- Utilities: All Utilities available on site
- Monthly Base Rental: $9,334.00
- Annual Base Rent: $112,008.00
- Current NOI: $112,008.00
- CAP RATE: 6%
- Restrictions: No Restrictions at Lease Expiration on Future Gas Usage
W85° 52' 1.5''
N33° 57' 44.5''
QuikTrip 3495 Satellite Boulevard – Duluth, GA 30096
3495 Satellite Boulevard, Duluth, Georgia 30096
Property Type : Other Properties
Listing Type : Commercial Sale
Square Footage : 3,200 Sqft