Restaurant
Dairy Queen (Atlanta MSA)
3485 Jimmy Lee Smith Pkwy, Hiram, GA 30141
Listing Price: $2,700,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen Grill & Chill located in Hiram, 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 population within seven miles of the Subject Property is over 170,000 with an average household income of $97,324. The immediate area is home to several primary and secondary educational institutions serving nearly 5,500 students within five miles of this Dairy Queen. The Property is located along Hiram’s major retail corridor on Jimmy Lee Smith Parkway with daily traffic count of more than 39,000 vehicles. Surrounding national brands including Walmart Supercenter, The Home Depot, Target, Sam’s Club, Costco Wholesale, Best Buy, Planet Fitness, Crunch Fitness, Marshalls, Kohl’s, PetSmart, Home Goods, Michael’s, Aldi, Academy Sports, Hobby Lobby, AMC Theaters, Chili’s Grill & Bar, Texas Roadhouse, McDonald’s, Chipotle, IHOP, Taco Bell, Dunkin’, O’Reilly Auto Parts, Pep Boys, CVS, Chevrolet, Buick, Chrysler, Jeep and many more.
Hiram, Georgia is part of the Atlanta metro area which has a population of nearly 6 million residents. The Subject Property is 27 miles from downtown Atlanta. Metro Atlanta is a major economic center in the southeastern United States and 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
- Five, Five-Year Tenant Renewal Options With 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
- Located on Jimmy Lee Smith Parkway With Daily Traffic Count of More Than 39,000 Vehicles
- Several Primary and Secondary Educational Institutions Serving 5,500 Students Within Five Miles of the Property
- Located Along Hiram's Major Retail Corridor – Surrounding National Brands Include Walmart Supercenter, The Home Depot, Target, Sam's Club, Costco Wholesale, Best Buy, Planet Fitness, Crunch Fitness, Marshalls, Kohl's, PetSmart, Home Goods, Michael's, Aldi, Academy Sports, Hobby Lobby, AMC Theaters, Chili's Grill & Bar, Texas Roadhouse, McDonald's, Chipotle, IHOP, Taco Bell, Dunkin', CVS, Chevrolet, Buick, Chrysler, Jeep and Many More
- Two Miles from WellStar Paulding Hospital, With 294 Staffed Beds and 997 Employees – One of the Largest Healthcare Systems in GA
- 27 Miles from Downtown Atlanta
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,700,000
Investment Highlights
- Long-Term, Triple Net (NNN) Lease With More Than 14 Years Remaining on the Base Term – Zero Landlord Responsibilities
- Five, Five-Year Tenant Renewal Options With 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
- Located on Jimmy Lee Smith Parkway With Daily Traffic Count of More Than 39,000 Vehicles
- Several Primary and Secondary Educational Institutions Serving 5,500 Students Within Five Miles of the Property
- Located Along Hiram's Major Retail Corridor – Surrounding National Brands Include Walmart Supercenter, The Home Depot, Target, Sam's Club, Costco Wholesale, Best Buy, Planet Fitness, Crunch Fitness, Marshalls, Kohl's, PetSmart, Home Goods, Michael's, Aldi, Academy Sports, Hobby Lobby, AMC Theaters, Chili's Grill & Bar, Texas Roadhouse, McDonald's, Chipotle, IHOP, Taco Bell, Dunkin', CVS, Chevrolet, Buick, Chrysler, Jeep and Many More
- Two Miles from WellStar Paulding Hospital, With 294 Staffed Beds and 997 Employees – One of the Largest Healthcare Systems in GA
- 27 Miles from Downtown Atlanta
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen Grill & Chill located in Hiram, 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 population within seven miles of the Subject Property is over 170,000 with an average household income of $97,324. The immediate area is home to several primary and secondary educational institutions serving nearly 5,500 students within five miles of this Dairy Queen. The Property is located along Hiram’s major retail corridor on Jimmy Lee Smith Parkway with daily traffic count of more than 39,000 vehicles. Surrounding national brands including Walmart Supercenter, The Home Depot, Target, Sam’s Club, Costco Wholesale, Best Buy, Planet Fitness, Crunch Fitness, Marshalls, Kohl’s, PetSmart, Home Goods, Michael’s, Aldi, Academy Sports, Hobby Lobby, AMC Theaters, Chili’s Grill & Bar, Texas Roadhouse, McDonald’s, Chipotle, IHOP, Taco Bell, Dunkin’, O’Reilly Auto Parts, Pep Boys, CVS, Chevrolet, Buick, Chrysler, Jeep and many more. Hiram, Georgia is part of the Atlanta metro area which has a population of nearly 6 million residents. The Subject Property is 27 miles from downtown Atlanta. Metro Atlanta is a major economic center in the southeastern United States and 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
Financing By

