DAIRY QUEEN | $2,100,000 | 6.00% CAP
The Deltondo Advisory Group is pleased to present for sale the fee simple interest in this single-tenant Dairy Queen located at 320 Pacific Avenue South, Salem (Monmouth), Oregon 97361.
The subject property is comprised of 1,302 square feet and will be undergoing a complete remodel expanding the building to 2,302 square feet adding 22 additional seats. Tenant also plans to add a cake component which is estimated to increase sales by 5%. The building sits on a 19,166 square foot lot located just off Pacific Avenue seeing over 10,000+ Vehicles Per Day. Pacific Avenue is the main thoroughfare through Monmouth to Salem just 15-miles away.
Dairy Queen holds an absolute-net lease backed by an 11-Unit guaranty. With four, 5-year options the lease also 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 are 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.