DAIRY QUEEN | $2,200,000 | 6.00% CAP
The Deltondo Group and Marcus & Millichap is pleased to present for sale Dairy Queen a fee simple single-tenant property located at 2301 South Telephone Road, Oklahoma City (Moore), Oklahoma 73160.
The subject property is comprised of 3,164 square feet and was built in 2013. The building sits on a moderate 37,026 square foot lot with ample parking located just 1/2-mile from Interstate-35 which oversees 126,000+ vehicles per day.
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.