Restaurant

DQ Grill & Chill

1486 S Eufaula Ave, Eufaula, AL 36027

Listing Price: $1,406,000

Cap Rate
6.40%
Tenant Name
DQ Grill & Chill
Years Remaining On Lease
17.6
Gross SF
2,729
Guarantor
Franchisee Guarantee
Rentable SF
2,729
Price/Gross SF
$515.21
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.98

Investment Overview

Marcus & Millichap is pleased to present this Dairy Queen Grill & Chill restaurant located in Eufaula, Alabama. The property consists of a 0.91-acre parcel improved with a 2,729-square foot building. This location was developed in 2018. This franchisee operates a total of four Dairy Queen locations in Alabama and Arkansas. The property will be subject to a 19-year triple-net lease that commenced in September, 2019. The minimum annual base rent will be $90,000 with 10 percent rent escalations every five years during the initial base term and then four, five-year option periods. The property is strategically positioned off Highway 431 with ingress and egress from the highway. The property has exposure to more than 28,000 vehicles per day. Located in an improving retail and hospitality corridor, other major tenants include multiple grocers and hotels along with McDonald’s, Chick-fil-A, Advance Auto Parts, Baymont Inn & Suites, and Tractor Supply to name a few.

Investment Highlights

  • New Construction (2018)
  • 18 Years Remain on Absolute Triple-Net Lease
  • Growing Operator with Personal Guaranty

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $1,406,000

Cap Rate
6.40%
Tenant Name
DQ Grill & Chill
Years Remaining On Lease
17.6
Gross SF
2,729
Guarantor
Franchisee Guarantee
Rentable SF
2,729
Price/Gross SF
$515.21
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.98

Investment Highlights

  • New Construction (2018)
  • 18 Years Remain on Absolute Triple-Net Lease
  • Growing Operator with Personal Guaranty

Investment Overview

Marcus & Millichap is pleased to present this Dairy Queen Grill & Chill restaurant located in Eufaula, Alabama. The property consists of a 0.91-acre parcel improved with a 2,729-square foot building. This location was developed in 2018. This franchisee operates a total of four Dairy Queen locations in Alabama and Arkansas. The property will be subject to a 19-year triple-net lease that commenced in September, 2019. The minimum annual base rent will be $90,000 with 10 percent rent escalations every five years during the initial base term and then four, five-year option periods. The property is strategically positioned off Highway 431 with ingress and egress from the highway. The property has exposure to more than 28,000 vehicles per day. Located in an improving retail and hospitality corridor, other major tenants include multiple grocers and hotels along with McDonald’s, Chick-fil-A, Advance Auto Parts, Baymont Inn & Suites, and Tractor Supply to name a few.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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