DAIRY QUEEN | $2,095,000 | 5.25% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Dairy Queen a single-tenant property located at 401 West 1st Avenue, Toppenish, Washington 98948.
The subject property is comprised of 2,748 square feet and was built in 1977 & will be modernized in 2023. The building sits on a large 23,949 square foot lot located just off W 1st Street which oversees ±10,000 Vehicles Per Day.
Franchisee will execute a new 20-year absolute-net lease at the close of escrow. The new lease will call for 7.5% increases every 5-years including the four, 5-year options to extend. Lease will be backed by an 11-unit guaranty, DND Groups, inc. operates a total of 29 units across 5 states with 15-years of operating experience.
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.