Urban-High Street
Dairy Queen
11815 SE Mill Plain Blvd, Vancouver, WA 98684
Listing Price: $3,700,000
Investment Overview
Marcus & Millichap is please to present for sale this Dairy Queen in
Vancouver, Washington. The subject property is a standout property
offering a prime investment opportunity.
Spanning 2,522 square feet on a 0.41-acre lot across three parcels,
this location has been thoughtfully updated since its original
construction in 1977, with a complete remodel in 2009, a refreshed
interior in 2023, and plans for an exterior upgrade in 2026.
The property operates under an absolute net lease with zero landlord
responsibilities, featuring a new 20-year lease that includes 10% rent
increases every five years and four five-year renewal options.
Strategically positioned on one of Vancouver’s busiest thoroughfares
with over 50,000 vehicles passing daily, the site benefits from proximity
to popular retailers like Walmart, Trader Joe’s, Starbucks, and the newly
opened Raising Cane’s (July 2024).
Vancouver, Washington’s fourth-largest city, continues to experience
consistent growth and expansion, further enhancing the appeal of this
high-traffic location.
Dairy Queen
Investment Highlights
- Absolute NNN Lease with zero landlord responsibilities
- 17+ years lease with 10% rent increases every five years
- 56-Unit Franchisee with Plans to Grow
- 48 years operating at this location
- Four (5) year renewal options providing long-term stability
- Superior location on Vancouver's major commercial corridor with 50,000+ daily vehicles
- Recently renovated with interior updates completed in 2023 and exterior upgrades planned for 2026
- National Tenants in the Immediate Trade Area Include Walmart, Trader Joe's, Starbucks, O'reilly Auto Parts, Taco Bell, Petco, Dollar Tree & Many More
Exclusively Listed By
Broker of Record
Listing Price: $3,700,000
Investment Highlights
- Absolute NNN Lease with zero landlord responsibilities
- 17+ years lease with 10% rent increases every five years
- 56-Unit Franchisee with Plans to Grow
- 48 years operating at this location
- Four (5) year renewal options providing long-term stability
- Superior location on Vancouver's major commercial corridor with 50,000+ daily vehicles
- Recently renovated with interior updates completed in 2023 and exterior upgrades planned for 2026
- National Tenants in the Immediate Trade Area Include Walmart, Trader Joe's, Starbucks, O'reilly Auto Parts, Taco Bell, Petco, Dollar Tree & Many More
Investment Overview
Marcus & Millichap is please to present for sale this Dairy Queen in Vancouver, Washington. The subject property is a standout property offering a prime investment opportunity. Spanning 2,522 square feet on a 0.41-acre lot across three parcels, this location has been thoughtfully updated since its original construction in 1977, with a complete remodel in 2009, a refreshed interior in 2023, and plans for an exterior upgrade in 2026. The property operates under an absolute net lease with zero landlord responsibilities, featuring a new 20-year lease that includes 10% rent increases every five years and four five-year renewal options. Strategically positioned on one of Vancouver’s busiest thoroughfares with over 50,000 vehicles passing daily, the site benefits from proximity to popular retailers like Walmart, Trader Joe’s, Starbucks, and the newly opened Raising Cane’s (July 2024). Vancouver, Washington’s fourth-largest city, continues to experience consistent growth and expansion, further enhancing the appeal of this high-traffic location.
Exclusively Listed By
Broker of Record
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