Dairy Queen

1850 West White Street, Anna, TX 75409

$2,715,000

Cap Rate 5.75%

Views: 21 DOM: 9 Updated: 10.09.24 Posted: 10.09.24 Status: Active

Summary

Price $2,715,000	Built/Renov 2022	Tenant Dairy Queen
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,208	Lease Start 09-01-2024	#Units 10
Price/SF $1,229.62	Expiration 09-30-2039	Tenant Type Fast Food/QSR
NOI $156,000	R. Term 14.11	Ownership Fee Simple
Rent/SF $70.65	Increases 2.0%/1/yrs	Pop 5Mi 4,789
Lot/AC 0.61	Options 2/5yrs/2%	AHHI 5Mi $137,622

Kyle Varni

Secure Net Lease

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Lease Highlights

New 2022 construction
Brand new 15-year lease with 2 (5-year) options to extend
The lease features 2% annual rental increases throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Anna Investment LLC (10 units backed)

Location Description

Dairy Queen is strategically located on White Street, with access to 17,399 vehicles passing by daily. The property is conveniently situated just off Highway 75, which sees 44,000 VPD. Nearby notable national tenants include Walmart Supercenter, Costco, Home Depot, and Kroger, among others. Key educational institutions in the vicinity include Anna High School, Anna Middle School, and Slayter...

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Key Features

Dense retail corridor
Shopping Ctr out-parcel
Highway close
Affluent AHHI $100K 5 Mi
Income tax free state
Population increase trend
Brand new lease
Long 10+ yr lease
Annual rent increases
Personal guarantee

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Links

Dairy Queen Wikipedia Dairy Queen Wikipedia Anna, Texas Zip Code 75409 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dairy Queen
Guarantor:Franchisee
Company:Anna Investment LLC
# Units:10
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...

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