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%

Price: $1,867,00.00

INVESTMENT HIGHLIGHTS

• 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

Executive Summary

• 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