Broker of Record Kyle Matthews License No. 9005919 (TX) Matthews Real Estate Investment Services 841 Apollo Street Suite 150, El Segundo, CA 90245 (310) 919-5757
Matthews Real Estate Investment Services is pleased to offer to qualified investors the fee simple interest in a Brand New state of the art convenience store leased to QuikTrip Corporation. This brand new 15 year Absolute NNN lease provides investors long-term passive cash flow and ease of ownership. Located in one of the country’s top MSAs (San Antonio, TX), the subject property gives a potential landlord the opportunity to own real estate leased to one of the premier convenience store operators in the country.
Brand New Construction Corporate Sale Leaseback – Brand new 15-year Absolute NNN Lease
High-Quality Development – 2019 Generation 3 QuikTrip Store
Scheduled Rental Increases – Lease features Ten (10) Five (5) Year Options with fixed rental increases that provide a major hedge against inflation
Ideal 1031 Exchange Property – Offers a potential investor a very passive net lease investment
Offered For Sale At Development Cost – The property is being sold at development cost, not to make a profit, like most net leased investment opportunities. This provides an additional layer of security for a future landlord as the tenant is not assigning a rent that is unsustainable only to make a profit on the sale.
Top MSA (San Antonio, TX) – Hard corner location in the 7th most populous city in thecountry and the 2nd most populous in the southern United States.
Downtown San Antonio Location – Subject property sits less than a mile away from theheart of downtown San Antonio.
Robust Population Growth – Population within a 1-mile radius has grown 16.89% over the last 8 years and is expected to grow an additional 8.13% over the next 5 years
Dense Demographics – Over 440,000 residents within a 5-mile radius of the site
Strategic Highway Intersection Location – The property is being strategically built at one of the main access points leading to downtown San Antonio with average daily traffic in front of the site at 30,207.
Major Tourist Hub – Downtown San Antonio draws visitors across the country to experience its vibrant culture and history including attractions such as The Alamo, The River Walk, The Fairmount Hotel, and La Villita arts district amongst many others.
12th Largest Convenience Store Chain – QuikTrip is one of the fastest growing convenience store chains in the country and currently operates 780+ stores across multiple states.
28th Largest Private Company – QuikTrip was recently ranked by Forbes as the 28th largest private company with over $11 Billion in Revenue.
Private Credit Rating of NAIC2 – Equivalent to S&P BBB+ (Investment Grade Credit)
Top Tier Retailer – First gas retailer to earn a “Top Tier” rating from GM, BMW, Honda, VW, Audi, & Toyota