(770) 533-9585

Property Description

 

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
Address Map
3495
Satellite
Boulevard
GA
Duluth
30096
W85° 52' 1.5''
N33° 57' 44.5''

QuikTrip 3495 Satellite Boulevard – Duluth, GA 30096

3495 Satellite Boulevard, Duluth, Georgia 30096

3,200 Sqft
Basic Details
Property Type : Other Properties
Listing Type : Commercial Sale
Square Footage : 3,200 Sqft
Agent info
Schair and Associates Inc.
5592 Cool Springs Road Gainesville, Georgia 30506
Contact Agent