For Sale
$8,410,000

3975 Flat Shoals PkwyDecatur, GA 30034

High-yield QuikTrip investment, strong lease terms.

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents a fee-simple interest in a single-tenant QuikTrip convenience store and gas station located at 3975 Flat Shoals Parkway, Decatur, Georgia, within the Atlanta MSA. The property boasts a 5,858 square foot building on a 2.26-acre lot, constructed in 2016. Currently operating under a Net Lease (Absolute NNN) agreement with a corporate guarantee from QuikTrip, the lease commenced February 1, 2017, and has a remaining term of 9.4 years, expiring June 30, 2034. Seven five-year renewal options are included. The property features 28 gas pumps and benefits from a prime location with high visibility, situated on a hard corner with over 42,200 vehicles passing daily. The asking price is $8,410,000, representing a price per square foot of $1,435.64 and a 5.65% cap rate based on a current Net Operating Income (NOI) of $475,320. Rent increases are built into the lease, with a $2.54 per square foot increase scheduled for February 2032 and every five years thereafter. This investment offers a secure, long-term, passive income stream backed by a financially strong, national brand tenant. The property's strategic location near major expressways (Hwy-155, I-285, and I-20) further enhances its value and potential for future growth. The property is 100% occupied since its opening in February 2017.

Highlights

  • $8,410,000 asking price for a fee-simple interest in a QuikTrip convenience store and gas station.
  • Absolute NNN lease with corporate guarantee from QuikTrip Corporation.
  • 9.4 years remaining on a 17.4-year lease with seven 5-year renewal options; rent increases every 5 years starting in 2032.
  • 5,858 square feet on a 2.26-acre lot in Decatur, GA (Atlanta MSA).
  • 5.65% cap rate with a $475,320 NOI.
  • High-traffic location with 42,200+ vehicles per day (VPD) and proximity to major expressways.

Property Details for 3975 Flat Shoals Pkwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,858 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
98,446 SF

Location Insight

City
Decatur
County
DeKalb
State
Georgia
Latitude
33.691843475474
Longitude
-84.260354819476
3975 Flat Shoals Pkwy, Decatur, Georgia

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3975 Flat Shoals Pkwy
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