QUIKTRIP GRAPEVINE, TX
For Financing Options, Please Contact:
Greg Holley | Managing Partner
St Capital (O) 469-998-7200 | (C) 714.514.2990
gholley@highstcapital.com
ANNUALIZED OPERATING DATA
2 FINANCIAL ANALYSIS QUIKTRIP - GRAPEVINE, TX PRICING & FINANCIAL ANALYSIS
Year(s) Commencement Annual Increase 1-15 11/01/2010 $256,644Option 1: 16-20 11/01/2025 $264,192 2.94% Option 2: 21-25 11/01/2030 $271,740 2.86% Option 3: 26-30 11/01/2035 $279,288 2.78% Option 4: 31-35 11/01/2040 $286,836 2.70% Option 5: 36-40 11/01/2045 $294,384 2.63% Option 6: 41-45 11/01/2050 $301,932 2.56% Option 7: 46-50 11/01/2055 $309,480 2.50% NET OPERATING INCOME $256,644 QuikTrip 801 Ira E Woods Ave Grapevine, TX 76051 OFFERING SUMMARY Price $4,670,000 Cap Rate 5.50% Net Operating Income $256,644 Year Built 2010 Gross Leasable Area 4,797 SF Lot Size 1.52 Acres LEASE SUMMARY Lease Term 15 Years Lease Commencement 11/01/2010 Lease Expiration 10/31/2025 Remaining Term 2.5 Years Lease Type NNN Roof & Structure Tenant Increases Varying Per Option Options 7 x 5
High
• Absolute NNN Lease – Zero Landlord Responsibility
• Strong Corporate Guaranty – QuikTrip has Annual Revenues in Excess of $11 Billion with Over 700+ Locations Around the US
• Surrounding Retailers Include Target, Academy, Chick-Fil-A, In-N-Out, Chase Bank, and Many More
• Huge Traffic Counts Coming From Highway 114 Exceeding 198,000 VPD
• Strong Income and Demographics within Immediate Area - Median Household Income is $140k – More than 1.5x the National Average
• Close Proximity to DFW Airport and Hotels in Immediate Area – DFW has Over 72 Million Passengers That Travel Annually
SNAPSHOT
198,000
Estimated Vehicle Per Day
$149,265
Average Household Income
1.60%
Population Growth 2010-2020
120,709
Population: 5 Mile Radius
3 PROPERTY DESCRIPTION TENANT - CITY, ST INVESTMENT HIGHLIGHTS
4 MARKET OVERVIEW QUIKTRIP - GRAPEVINE, TX AERIAL MAP
S MAIN ST
198,000VPD 41,814 VPD
CANNON ELEMENTARY SCHOOL
exclusively listed 469.844.8880 STRIVERE.COM
exclusively listed 469.844.8880 STRIVERE.COM
