3975 Flat Shoals PkwyDecatur, GA 30034

Property Details for 3975 Flat Shoals Pkwy

Year built

2016

Lot size

2.26 AC

Property size (Sq ft)

5,858 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Decatur

County

DeKalb

State

Georgia

Latitude

33.6918

Longitude

-84.2604

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