3229 Peachtree Corners Cir Peachtree Corners, GA 30092
- Retail properties
- 5,000 SF
- 1.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3229 Peachtree Corners Cir
- Year built
- 2014
- Lot size
- 1.46 lot acres
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple interest in a 5,000-square-foot QuikTrip gas station and convenience store located at 3229 Peachtree Corners Circle, Peachtree Corners, GA 30092, within the Atlanta MSA. The property, built in 2014 and boasting a modern "Generation 3" store format, sits on a 1.46-acre lot and features 16 gas pumps. Currently operating under a corporate-guaranteed Absolute NNN lease with QuikTrip, a leading convenience store operator, the lease commenced February 1, 2015, and extends through June 30, 2034, with seven 5-year renewal options. The remaining lease term is 9.4 years, providing significant long-term stability. The current annual net operating income (NOI) is $370,536, representing a 5.85% cap rate and a price per square foot of $1,266. Rent bumps are built into the lease, with a $2.32 per square foot increase scheduled for February 2030 and every five years thereafter. The property benefits from a high-traffic location, with over 30,700 vehicles passing daily, and serves a robust demographic area with a population exceeding 246,000 and an average household income of $122,000. This is a rare opportunity to acquire a high-performing, single-tenant net lease property backed by a financially strong national tenant, offering significant long-term income potential and minimal landlord responsibilities. The asking price is $6,330,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peachtree Corners
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.2496
- Latitude
- 33.9422
