•	14+ years of remaining term on the original 20-year base term
•	The lease is corporately guaranteed by QuikTrip Corporation, a reputable private company with more than 1,000 locations nationwide
•	The lease features a 5% rental increase every 5-years, including at the beginning of each option period to extend the lease
•	No landlord responsibilities
•	Ideal, management-free investment for an out-of-state, passive investor
•	The landlord will benefit from fee simple ownership (land & building)
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises

Offering Memorandum

•	QuikTrip is positioned in an extremely dense retail corridor, surrounded by numerous national credit tenants that constantly drive consumer activity
•	The subject property located across from Concord Mills Shopping Center, a Super Regional Mall that spans over 1,362,000 square feet and anchors by four major retailers; Bass Pro Shops Outdoor World, Nike Factory Store, T.J. Maxx and Burlington
•	The property is positioned along Interstate 85 (160,000 VPD)
•	The asset has excellent visibility and benefits from multiple points of access
•	The asset is located at the signalized, hard corner intersection of Derita Rd & Christenbury Pkwy with a combined 33,000 vehicles passing by daily
•	Forbes reported that Charlotte is among the ten fastest growing metro areas
•	Concord, North Carolina has experienced a 5% annual growth rate since 2010
•	Nearly 151,000 residents and 59,000 employees support the trade area
•	The AHHI exceeds $125,490 within 3-mile radius

Concord, NC - QuikTrip

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Ivy Kwon joined SRS Real Estate Partners in 2017 and is a senior marketing coordinator in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS&#8217; Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. Ivy has a BA degree from Chapman University.&#160;

Investment Offering

Concord, NC - QuikTrip

Description

Location

Contact

Patrick Nutt

Will Wamble