DAIRY QUEEN | $2,809,524 | 5.25% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Dairy Queen a single-tenant property located at 11815 SE Mill Plain Blvd, Vancouver (Portland MSA), WA 98684. At the close of escrow a new 20 year absolute-net lease with 10% increases every 5 years will begin. The tenant will have four, 5 year options to extend the term. Tenant will complete and interior remodel of this location in 2023 and an exterior remodel in 2026.
International Dairy Queen Inc., (IDQ), based in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation. Through its subsidiaries, IDQ develops, licenses and services a system of 7,000 locations in the United States, Canada and 20 other countries. IDQ is a subsidiary of Berkshire Hathaway Inc. (Berkshire) which is led by Warren Buffet, the legendary investor and CEO of Berkshire.