DAIRY QUEEN | $3,600,000 | 5.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Dairy Queen a single-tenant property located at 1119 South Pioneer Way, Moses Lake, WA 98837.
The subject property is comprised of 2,530 square feet, built-in 1984 and remodeled in 2021. The building sits just off South Pioneer Way and is less than 1 mile of three major schools and over 3,800 students. This location is a HUGE performing store with sales achieving 2.5x the national average.
Dairy Queen operates on an absolute-net lease backed by a 35 unit franchisee and a 11 unit guaranty with a new 20 year lease being executed at the close of escrow. At the end of the initial term, Dairy Queen will have four, five-year options to extend. The lease calls for 10% increases every 5-years including the options.
The franchisee at this location currently operates 30 Dairy Queen units & 5 Taco John’s 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.