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Restaurant

Dairy Queen (Atlanta MSA)

3721 Largent Way, Marietta, GA 30064

Listing Price: $2,700,000

Cap Rate
5.50%
Tenant Name
Dairy Queen Grill & Chill
Years Remaining On Lease
14.1
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.41

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen Grill & Chill located in Marietta, Georgia which is part of the Atlanta MSA. This Dairy Queen offers a long-term, triple net lease with more than 14 years remaining on the base term. This is an absolute triple net lease with zero landlord responsibilities. There are five, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. The subject property includes a drive-thru lane and outdoor seating.

The lease is guaranteed by Silver Lodestone, Inc., an experienced quick service restaurant franchisee currently owning and operating four Dairy Queen Locations in addition to several other enterprises.

The immediate area is home to several primary and secondary educational institutions serving more than 9,750 students within five miles of this Dairy Queen. The area has exceptional demographics with the population at nearly 130,000 within five miles of the Subject Property. The average household income is $150,768 in one mile and $156,644 in three miles. The Subject Property is located on Dallas Highway with a daily traffic count of more than 37,800 vehicles, and off Ernest Barrett Parkway with more than 45,000 vehicles daily.

This Dairy Queen restaurant is located in Marietta, Georgia and is part of the Atlanta Metro Area with a population of nearly 6 million residents. The Subject Property is 26 miles from downtown Atlanta. Surrounding national retailers include Lowe’s, The Home Depot, Publix Supermarket, Kroger, Sprouts Farmers Market, Petco, Pet Supermarket, Target, Staples, Orangetheory Fitness, Crunch Fitness, Marshall’s, Barnes & Noble, Verizon, Bank of America, Chase Bank, Wells Fargo, Longhorn Steakhouse, Chick-fil-A, McDonald’s, Burger King, Taco Bell, Starbucks, Dunkin’, Waffle House, Panera Bread, Walgreens and many more.

Metro Atlanta is a major economic center in the southeastern United States. It is home to a diverse range of industries, including finance, technology, healthcare, manufacturing, and logistics. Many Fortune 500 companies have headquarters or significant operations in the metro area. The Atlanta metro places among the highest in the nation for job growth adding more than 328,900 jobs in the last five years.

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease With More Than 14 Years Remaining on the Base Term – Zero Landlord Responsibilities
  • 10% Rent Increases Every Five Years in Base Term and Option Periods
  • Silver Lodestone, Inc. is an Experienced Quick Service Restaurant Franchisee – They Own and Operate Four Dairy Queen Locations and Several Other Enterprises
  • Average Household Income of $150,768 in One Mile and $156,644 in Three Miles
  • Located on Dallas Highway With a Daily Traffic Count of More Than 37,800 Vehicles
  • Several Primary and Secondary Educational Institutions Serving Over 9,750 Students Within Five Miles of the Property
  • Part of the Atlanta MSA With a Population of Approx. 5.9 Million – 26 Miles from Downtown Atlanta
  • Surrounding National Retailers Include Lowe's, The Home Depot, Publix Supermarket, Kroger, Sprouts Farmers Market, Petco, Pet Supermarket, Target, Staples, Orangetheory Fitness, Crunch Fitness, Marshall's, Barnes & Noble, Verizon, Bank of America, Chase Bank, Wells Fargo, Longhorn Steakhouse, Chick-fil-A, McDonald's, Burger King, Taco Bell, Starbucks, Dunkin', Waffle House, Panera Bread, Walgreens and Many More

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Dairy Queen (Atlanta MSA)

Listing Price: $2,700,000

Cap Rate
5.50%
Tenant Name
Dairy Queen Grill & Chill
Years Remaining On Lease
14.1
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.41

Investment Highlights

  • Long-Term, Triple Net (NNN) Lease With More Than 14 Years Remaining on the Base Term – Zero Landlord Responsibilities
  • 10% Rent Increases Every Five Years in Base Term and Option Periods
  • Silver Lodestone, Inc. is an Experienced Quick Service Restaurant Franchisee – They Own and Operate Four Dairy Queen Locations and Several Other Enterprises
  • Average Household Income of $150,768 in One Mile and $156,644 in Three Miles
  • Located on Dallas Highway With a Daily Traffic Count of More Than 37,800 Vehicles
  • Several Primary and Secondary Educational Institutions Serving Over 9,750 Students Within Five Miles of the Property
  • Part of the Atlanta MSA With a Population of Approx. 5.9 Million – 26 Miles from Downtown Atlanta
  • Surrounding National Retailers Include Lowe's, The Home Depot, Publix Supermarket, Kroger, Sprouts Farmers Market, Petco, Pet Supermarket, Target, Staples, Orangetheory Fitness, Crunch Fitness, Marshall's, Barnes & Noble, Verizon, Bank of America, Chase Bank, Wells Fargo, Longhorn Steakhouse, Chick-fil-A, McDonald's, Burger King, Taco Bell, Starbucks, Dunkin', Waffle House, Panera Bread, Walgreens and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen Grill & Chill located in Marietta, Georgia which is part of the Atlanta MSA. This Dairy Queen offers a long-term, triple net lease with more than 14 years remaining on the base term. This is an absolute triple net lease with zero landlord responsibilities. There are five, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. The subject property includes a drive-thru lane and outdoor seating. The lease is guaranteed by Silver Lodestone, Inc., an experienced quick service restaurant franchisee currently owning and operating four Dairy Queen Locations in addition to several other enterprises. The immediate area is home to several primary and secondary educational institutions serving more than 9,750 students within five miles of this Dairy Queen. The area has exceptional demographics with the population at nearly 130,000 within five miles of the Subject Property. The average household income is $150,768 in one mile and $156,644 in three miles. The Subject Property is located on Dallas Highway with a daily traffic count of more than 37,800 vehicles, and off Ernest Barrett Parkway with more than 45,000 vehicles daily. This Dairy Queen restaurant is located in Marietta, Georgia and is part of the Atlanta Metro Area with a population of nearly 6 million residents. The Subject Property is 26 miles from downtown Atlanta. Surrounding national retailers include Lowe’s, The Home Depot, Publix Supermarket, Kroger, Sprouts Farmers Market, Petco, Pet Supermarket, Target, Staples, Orangetheory Fitness, Crunch Fitness, Marshall’s, Barnes & Noble, Verizon, Bank of America, Chase Bank, Wells Fargo, Longhorn Steakhouse, Chick-fil-A, McDonald’s, Burger King, Taco Bell, Starbucks, Dunkin’, Waffle House, Panera Bread, Walgreens and many more. Metro Atlanta is a major economic center in the southeastern United States. It is home to a diverse range of industries, including finance, technology, healthcare, manufacturing, and logistics. Many Fortune 500 companies have headquarters or significant operations in the metro area. The Atlanta metro places among the highest in the nation for job growth adding more than 328,900 jobs in the last five years.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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