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Restaurant

Dairy Queen | Strong Sales and Guaranty

501 Lower Huntington Rd, Fort Wayne, IN 46819

Listing Price: $1,564,114

Cap Rate
6.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.5
Gross SF
2,181
Guarantor
Personal Guarantee
Rentable SF
2,181
Price/Gross SF
$717.15
Lease Type
Absolute Net
Rent Per Square Feet
$43.03

Investment Overview

Absolute NNN Lease | Very Healthy ~6.4% RTS Ratio | $300MM+ Personal Guaranty | Located in a Significant Economic and Cultural Hub in the Midwest Region

Investment Highlights

  • Approximately 16 Years Remaining on Base Term of Absolute NNN Lease
  • Zero Landlord Responsibilities Making This Investment Ideal for Passive Out-of-State Investor
  • Healthy Rent-to-Sales Ratio and Strong Operating History
  • Extremely Strong Personal Guaranty From Three (3) Individuals (Combined ±$300M Net Worth)
  • There Are 2% Annual Rental Increases Throughout the Base Term and Option Periods, Providing an Excellent Hedge Against Inflation
  • The Tenant Has Been in the Dairy Queen System Since 1991 and Has a Myriad of Experience Owning and Operating Many Different Concepts in the Mid-West
  • Nearby Major Retailers Include: Walmart Supercenter, Menards, ALDI, Planet Fitness, Dollar General, Kroger, Walgreens, Dollar Tree, Starbucks, and Many More National Tenants
  • Situated on a Strong Signalized Corner Ensuring Prominent Exposure and Easy Access w/ Close Proximity to Highway-27, a Major US Highway that Passes Through 6 Different States

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Dairy Queen | Strong Sales and Guaranty

Listing Price: $1,564,114

Cap Rate
6.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.5
Gross SF
2,181
Guarantor
Personal Guarantee
Rentable SF
2,181
Price/Gross SF
$717.15
Lease Type
Absolute Net
Rent Per Square Feet
$43.03

Investment Highlights

  • Approximately 16 Years Remaining on Base Term of Absolute NNN Lease
  • Zero Landlord Responsibilities Making This Investment Ideal for Passive Out-of-State Investor
  • Healthy Rent-to-Sales Ratio and Strong Operating History
  • Extremely Strong Personal Guaranty From Three (3) Individuals (Combined ±$300M Net Worth)
  • There Are 2% Annual Rental Increases Throughout the Base Term and Option Periods, Providing an Excellent Hedge Against Inflation
  • The Tenant Has Been in the Dairy Queen System Since 1991 and Has a Myriad of Experience Owning and Operating Many Different Concepts in the Mid-West
  • Nearby Major Retailers Include: Walmart Supercenter, Menards, ALDI, Planet Fitness, Dollar General, Kroger, Walgreens, Dollar Tree, Starbucks, and Many More National Tenants
  • Situated on a Strong Signalized Corner Ensuring Prominent Exposure and Easy Access w/ Close Proximity to Highway-27, a Major US Highway that Passes Through 6 Different States

Investment Overview

Absolute NNN Lease | Very Healthy ~6.4% RTS Ratio | $300MM+ Personal Guaranty | Located in a Significant Economic and Cultural Hub in the Midwest Region

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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