Restaurant
Dairy Queen Grill & Chill
27490 Southampton Pkwy, Courtland, VA 23837
Listing Price: $1,799,000
Investment Overview
Marcus & Millichap is pleased to present to market the absolute net leased Dairy Queen Grill & Chill located at 27490 Southampton Parkway in Courtland, Virginia. This long-term Dairy Queen location has been open since 1988 and was renovated in 2008, demonstrating tenant commitment to the location. This store is on an absolute net lease backed by Mid Atlantic Dairy Queen LLC, a franchisee with 15 Dairy Queen locations throughout the region. The lease has five years of base term remaining, four five-year options, and 1.5 percent annual rent increases.
Dairy Queen Grill & Chill
Investment Highlights
- Absolute Net Leased Dairy Queen Grill & Chill Drive-Thru With Five Years of Base Term Remaining, Four Five-Year Options and 1.5% Annual Rent Increases
- Long-Term Dairy Queen Location Was Opened in 1988 and Renovated in 2008
- Lease is Backed by an Operator of 15 Dairy Queen Locations Throughout the Hampton Roads Region
- Solid Retail Location Along a Major State Route (VA-58) With Traffic Volume Reaching Nearly 22,000 Vehicles Per Day
- Nearby Tenants Include the DMV, 7-Eleven, Food Lion, the Courtland Inn, and Dollar General, and a Short Eight-Minute Drive to Major Retailers Such as Walmart and Lowe's
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Financing By
Listing Price: $1,799,000
Investment Highlights
- Absolute Net Leased Dairy Queen Grill & Chill Drive-Thru With Five Years of Base Term Remaining, Four Five-Year Options and 1.5% Annual Rent Increases
- Long-Term Dairy Queen Location Was Opened in 1988 and Renovated in 2008
- Lease is Backed by an Operator of 15 Dairy Queen Locations Throughout the Hampton Roads Region
- Solid Retail Location Along a Major State Route (VA-58) With Traffic Volume Reaching Nearly 22,000 Vehicles Per Day
- Nearby Tenants Include the DMV, 7-Eleven, Food Lion, the Courtland Inn, and Dollar General, and a Short Eight-Minute Drive to Major Retailers Such as Walmart and Lowe's
Investment Overview
Marcus & Millichap is pleased to present to market the absolute net leased Dairy Queen Grill & Chill located at 27490 Southampton Parkway in Courtland, Virginia. This long-term Dairy Queen location has been open since 1988 and was renovated in 2008, demonstrating tenant commitment to the location. This store is on an absolute net lease backed by Mid Atlantic Dairy Queen LLC, a franchisee with 15 Dairy Queen locations throughout the region. The lease has five years of base term remaining, four five-year options, and 1.5 percent annual rent increases.
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Financing By
