DAIRY QUEEN | $2,100,000 | 6.19% CAP
The Deltondo Advisory Group is pleased to present for sale the fee simple interest in this single-tenant Dairy Queen located at 734 State Highway 99 North, Eugene, Oregon 97402.
The subject property is comprised of 3,202 square feet and will be undergoing a complete remodel within the next 12 months following the close of escrow. The building sits on a large 1.11 Acre lot located just off State Highway 99 seeing over 22,300+ Vehicles Per Day. Highway 99 is the main thoroughfare to downtown Eugene ultimately connecting with interstate-5 south of downtown.
Dairy Queen holds an absolute-net lease backed by a 11-Unit guaranty. With four, 5-year options the lease has attractive 10% increases every 5-years.
Dairy Queen, often abbreviated DQ, is a 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 Karmelkorn. DQ operators have been providing consumers with treats and food since 1940 and is headquartered in Edina, Minnesota.
DQ Grill & Chill locations feature hot food, treats, table delivery, and self-serve soft drinks. In most cases, they offer an expanded menu including breakfast, GrillBurgers, and grilled sandwiches, as well as limited table service (customers still place orders at the counter). They also contain self-serve soft drink fountains allowing free refills.
The franchisee at this location currently operates 21 Dairy Queen units
in Colorado, Washington, Oklahoma, and Oregon. They have over 35 years of operating experience with multiple concepts. Founded in 1995 they are headquartered in Laguna Hills, California.