Restaurant
Dairy Queen - New 20 Yr Sale-Leaseback
11815 SE Mill Plain Blvd, Vancouver, WA 98684
Listing Price: $2,809,524
Investment Overview
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.
Dairy Queen - New 20 Yr Sale-Leaseback
Investment Highlights
- Absolute-Net Lease (Zero Landlord Responsibilities): New 20 Year Lease with 10% Increases Every 5 Years Including the Four, 5 Year Options to Extend the term.
- Strong 26 Unit Guaranty: Over 35 Years of Operating Experience with Restaurants in California, Colorado, Oklahoma, Washington, Wyoming & Oregon.
- Multiple National Retailers Nearby: Within a 1 Mile Radius Reside National Retailers Such As; Fred Meyer, Trader Joe's, Walmart, Dollar Tree, Petco, Taco Bell, Starbucks, Dutch Bros Coffee, 7-Eleven
- Excellent Frontage and Visibility: Dairy Queen Fronts Along Southeast Mill Plain Boulevard which Oversees 46,800+ Vehicles Per Day and Less Than 1 Mile Off of Interstate 205 (115,700+ VPD).
- Dense Demographics: Within a 5 Mile Radius the Daytime Population surrounding Dairy Queen Exceeds 269,000+ with an Average Household Income of $88,000+.
Exclusively Listed By
Broker of Record
Listing Price: $2,809,524
Investment Highlights
- Absolute-Net Lease (Zero Landlord Responsibilities): New 20 Year Lease with 10% Increases Every 5 Years Including the Four, 5 Year Options to Extend the term.
- Strong 26 Unit Guaranty: Over 35 Years of Operating Experience with Restaurants in California, Colorado, Oklahoma, Washington, Wyoming & Oregon.
- Multiple National Retailers Nearby: Within a 1 Mile Radius Reside National Retailers Such As; Fred Meyer, Trader Joe's, Walmart, Dollar Tree, Petco, Taco Bell, Starbucks, Dutch Bros Coffee, 7-Eleven
- Excellent Frontage and Visibility: Dairy Queen Fronts Along Southeast Mill Plain Boulevard which Oversees 46,800+ Vehicles Per Day and Less Than 1 Mile Off of Interstate 205 (115,700+ VPD).
- Dense Demographics: Within a 5 Mile Radius the Daytime Population surrounding Dairy Queen Exceeds 269,000+ with an Average Household Income of $88,000+.
Investment Overview
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.
Exclusively Listed By
Broker of Record
