Gainesville, GA - Quiktrip

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, QuikTrip investment property located in Gainesville, Georgia. The tenant recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The QuikTrip is located at the signalized, hard corner intersection of Browns Bridge Rd and Hwy 53, combining to average over 48,900 vehicles passing by daily. Browns Bridge Rd is a major retail thoroughfare serving the city of Gainesville. The property is adjacent to a Walmart Neighborhood Market. The site is located less than 2 miles from one of the largest shopping areas in Gainesville, which includes a 360,000+ square foot Walmart and Lowe’s shopping center and several national tenants including Target, Home Depot, Dick’s Sporting Goods, Aldi, Publix, Hobby Lobby, Academy, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Belk, Kohl’s, Planet Fitness, Michael’s, Texas Roadhouse, Olive Garden, Chick-fil-A, McDonald’s, Dunkin’, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 78,600 residents and 62,800 employees, providing a direct consumer base from which to draw. Residents within 1 mile of the subject property boast an affluent average household income of $103,850.