Sold at development cost 400% population increase over the last decade 1-mile from heb center (8,700 seats, 150 events) FILE PHOTO Exclusive OFFERING | $5,784,788 – 5.40% CAP QuikTrip | absolute NNN, corporate Sale-leaseback 1911 n bell blvd, cedar park, tx (austin) 310.736.4179 Property. New 4,840+ SF building on 1.97+ acre site. JOE CAPUTO Tenant. Lessee: QuikTrip Corporation. Operates 780+ stores across 11 states with 20,000 employees and 2017 annual sales in excess of $11 billion.
[email protected] Lease structure. New 15-year, corporate absolute NNN with Cap Rate increases of 25 basis points every 5 years after the primary term. ALEX TOWER Location. QuikTrip is strategically located on the northwest corner of New Hope Dr. (14,000 VPD) and US-183 “Bell Blvd.” (38,000 VPD), in the flourishing Austin
[email protected] suburb of Cedar Park, TX. The immediate trade area features strong population demographics of 84,602 and high average household income of $101,086 within a 3- RUSSELL SMITH mile radius. US-183 “Bell Blvd.” is retail corridor that contains tenants such as Walmart, HEB, Harbor Freight Tools, Aaron’s, AutoZone, Good Year, O’Reilly, Pep
[email protected] Boys, Advanced Auto, Walgreens, Chili’s, McDonald’s, Dunkin Donuts, Wing Stop, Panda Express, Whataburger, Taco Bell, Burger King, Wendy’s, KFC, and more. Additionally, The Parke (405,578 SF) and 1890 Ranch (486,825 SF) are regional malls located in the trade area that contain national credit tenants including Whole Foods, Target, Ross, Marshalls, Nordstrom, Pet Smart, Old Navy Dick’s Sherwin Williams, CVS, Red Robin, Buffalo Wild Wings, Panera, Starbucks, Chick-fil-A, Raising Cane’s, Five Guys, Dairy Queen, Carl’s Jr., Jimmy John’s Church’s, etc.