QuikTrip

Highlights

• LONG TERM LEASE - The tenant signed a brand new 15 year Absolute NNN Lease in December, 2019, leaving a new owner 10+ years remaining on the initial term.
• ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
• BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
• STRONG CORPORATE GUARANTOR - This location is corporately backed by QuikTrip Corporation which currently operates over 1,000 locations.
• RAPIDLY GROWING TENANT - With more than 24,000 employees, QuikTrip has consistently been ranked as one of the top convenience store marketers in product quality and friendly service.
• PRIME LOCATION - This location is just off of the I-410 interstate ramp providing excellent traffic access.

Description

Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a free standing QuickTripStore located in San Antonio, Texas. The subject property was built in 2019, and significantly remodeled in 2018. QuickTrip took over the lease in 2019 and signed a brand new 15 year lease with 10 five (5) year options

The original corporately guaranteed lease commenced in December 2019, now leaving 60+ years remaining on its initial term. This absolute NNN lease has no annual rental increases during the base term and grants the Tenant ten successive 5-year options to extend the lease. The fuel station boasts a modern infrastructure, including state-of-the-art fuel pumps, and a well-stocked convenience store. QuickTrip has plans to remodel the locations they acquire by adding drive-thru’s, order-at-pump convenience services, and EV charging stations with free Wi-Fi. These contemporary amenities enhance the customer experience and set QuickTrip Fuel Stations apart from competitors.

San Antonio is a major city in south-central Texas with a rich colonial heritage. Even as the third-fastest growing and seventh-largest city in the U.S., this southern Texas city still offers residents a small-town feel! San Antonio boasts affordable living, delicious food, family-friendly activities, and so much more.

Located in the heart of San Antonio’s thriving southwest corridor, 6618 Medina Base Rd offers a unique opportunity for investors or businesses seeking a high-visibility property in one of Texas’s most rapidly expanding cities. The property’s position on Medina Base Road places it within a short distance of major highways, including Loop 410 and Highway 90, two of the region's most critical transportation routes. This accessibility ensures seamless connectivity to San Antonio's central business district, the airport, and surrounding suburban markets.

The property is nestled in a vibrant and diverse community characterized by a blend of residential, commercial, and institutional developments. Its proximity to densely populated neighborhoods provides a built-in customer base, while the nearby retail and service hubs drive additional traffic to the area. As a key corridor, Medina Base Road experiences consistent vehicular and pedestrian traffic, increasing the property’s potential for visibility and accessibility.

One of the standout features of this location is its proximity to Lackland Air Force Base, a vital economic and cultural pillar of the San Antonio community. As one of the largest and most active military training bases in the United States, Lackland generates substantial local economic activity, supporting a wide range of businesses, services, and housing in the area. The constant influx of trainees, military families, and support staff ensures a steady flow of activity and economic vitality year-round.

San Antonio itself is a city on the rise, known for its strong economic performance, population growth, and business-friendly environment. The city consistently ranks among the fastest-growing metros in the United States, attracting companies across industries like healthcare, technology, manufacturing, and tourism. The property’s location within this dynamic market positions it to benefit from the broader economic trends fueling San Antonio's continued expansion.

Local amenities further enhance the property's appeal. The area offers a variety of dining, shopping, and recreational options, including parks, schools, and healthcare facilities. The surrounding infrastructure supports a high quality of life, which, combined with the area's affordability compared to other Texas metros, attracts families, young professionals, and retirees alike.

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