QuikTrip

QuikTrip

Covington, GA

Covington, GA

QuikTrip

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Covington, GA. The property consists of a 4,636-square-foot, freestanding building that sits on approximately 2.60 acres of land. There are 4.1 years remaining on the lease with rental increases of $6,384/year at each option.

Price $4,550,000
Cap Rate 6.0%
Building Size 4,636 sqft
Lot Size 2.60 acres
Year Built 2003
Offering Memorandum

Jake Stammen

Associate
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Salim Bhaidani

Senior Associate
(817) 932-6136
Salim.Bhaidani@marcusmillichap.com
License: TX 722548

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 4.1 Years Remaining
  • Oversized 2.60 Acre Parcel (113,256 SF)
  • Signalized Hard Corner Location on US Highway 278 and Highway 81; Combined Traffic Counts Exceed 38,848 Vehicles per Day
  • Dense Retail Corridor – Near Newton Plaza, A 262,792-SF Center Anchored by Kroger, Big Lots, and Planet Fitness

Jake Stammen

Associate
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Salim Bhaidani

Senior Associate
(817) 932-6136
Salim.Bhaidani@marcusmillichap.com
License: TX 722548

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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