Net Lease Dairy Queen Property Profile and Cap Rates Date September 17, 2020
Net Lease Dairy Queen – Typical Property and Lease Terms
| Price Range: | $1 mm - 3 mm |
| Cap Rate: | 6.35% |
| Net Income: | $100,000 |
| Price Per foot: | $400 PSF |
| Building Size: | 2,800 SF |
| Lot Size: | .75 Acre |
| Escalations: | 10% every 5 years |
| Lease Term: | 20 Years |
| Lease Type: | NNN |
| Credit Rating: | Franchisee |
Tenant Company Information:
Dairy Queen (DQ) is an American multinational chain of soft serve ice cream and fast-food restaurants owned by International Dairy Queen, Inc., a subsidiary of Berkshire Hathaway. International Dairy Queen, Inc., also owns Orange Julius, and formerly owned Karmelkorn[4] and Golden Skillet Fried Chicken.
The first DQ restaurant was located in Joliet, Illinois. It was operated by Sherb Noble and opened for business on June 22, 1940.[5] It served a variety of frozen products, such as soft serve ice cream.[6]
The company’s corporate offices are located in the Minneapolis suburb of Edina, Minnesota
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