loader
Join Free
Views: 59 DOM: 99 Updated: 10.18.24 Posted: 08.14.24 Status: Active

Summary

Price $2,722,608
Built/Renov 2018
Tenant Dairy Queen
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,900
Lease Start 12-01-2024
#Units 7,000
Price/SF $698.10
Expiration 11-30-2044
Tenant Type Fast Food/QSR
NOI $156,550
R. Term 20.0
Ownership Fee Simple
Rent/SF $40.14
Increases 10.0%/5/yrs
Pop 5Mi 150,035
Lot/AC 2.22
Options 4/5yrs/10%
AHHI 5Mi $100,315

Lease Highlights

  • Brand-new 20-year lease with 4 (5-year) options to extend to be executed at the close of escrow
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dairy Queen is strategically located at the signalized, hard-corner intersection of N Oak Trafficway and 85th Terrace, with access to a combined daily traffic count of 14,579 vehicles. The property has signage displays visible in both directions at the intersection. Additionally, it is adjacent to the #3 most-visited Price Chopper nationwide, which attracts over 1.1 million visitors annually...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dairy Queen
  • Guarantor:Corp T and Rated
  • Company:Berkshire Hathaway, Inc.
  • # Units:7,000
  • Tenant S&P: AA
  • Moody’s: Aa2
  • Stock: NYSE: BRK.A

About Tenant

Dairy Queen is an American chain of soft-serve ice cream and fast-food restaurants. Dairy Queen opened its first store in 1940 in Joliet, IL, and was considered a fixture of social life in small...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,160 69,291 160,696
2024 Total Population : 7,835 67,094 154,862
2024 Employed Civilian Pop : 4,320 38,347 87,074
2024 Total Businesses : 354 1,338 3,640
2024 Average Household Income : $ 83,740 $ 99,599 $ 104,041
2024 Total Consumer Spending : $ 241 M $ 2465 M $ 5900 M
2024 Median Age : 38 38 37
2024 Total Households : 3,283 28,182 64,603
2024 Pop Age 25+: Bachelor's Degree : 1,009 12,609 28,544
2024 Average Home Value : $ 294,216 $ 323,404 $ 328,136
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity