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Restaurant

Dairy Queen - New 20 Yr Sale-Leaseback

11815 SE Mill Plain Blvd, Vancouver, WA 98684

Listing Price: $2,809,524

Cap Rate
5.25%
Tenant Name
Dairy Queen
Guarantor
Franchisee Guarantee
Rentable SF
2,522
Lease Type
Absolute Net
Rent Per Square Feet
$58.49

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.

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

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Restaurant

Dairy Queen - New 20 Yr Sale-Leaseback

Listing Price: $2,809,524

Cap Rate
5.25%
Tenant Name
Dairy Queen
Guarantor
Franchisee Guarantee
Rentable SF
2,522
Lease Type
Absolute Net
Rent Per Square Feet
$58.49

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

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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