Skip to main content

Restaurant

Dairy Queen

801 E Park Ave, Hereford, TX 79045

Listing Price: $874,000

Cap Rate
6.50%
Tenant Name
Dairy Queen
Years Remaining On Lease
14.1
Guarantor
Franchisee Guarantee
Rentable SF
2,108
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.94

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen located in Hereford, Texas. This Dairy Queen offers a 20-year, triple net lease with more than 14 years remaining on the base term. There are four, five-year renewal options with 10 percent rent increases every five years throughout the base term and option periods. The subject property consists of a 2,108-square foot, free-standing building situated on a 0.8-acre parcel. The lease is guaranteed by Lonestar DQ, LLC which is one of the largest Dairy Queen franchisees in Texas and the Dairy Queen system, currently owning and operating 41 DQ restaurants in Texas. This Dairy Queen restaurant is located in Hereford, Texas and is part of the Amarillo, Texas metro area. Amarillo is the heart of cattle country and is a major transportation hub in the Texas panhandle.

Investment Highlights

  • 20-Year, Triple Net (NNN) Lease with More Than 14 Years Remaining
  • Four, Five-Year Renewal Options With 10 Percent Rent Increases Throughout Base Term and Option Periods
  • Lonestar DQ, LLC is One of the Largest Dairy Queen Franchisees, Currently Owning and Operating 40+ DQ Restaurants
  • Part of the Amarillo, Texas Metro Area, Which is the Heart of Cattle Country and is a Major Transportation Hub in the Texas Panhandle
  • DQ has 4,503 Stores in the U.S. With Approx. 2,351 Franchisees; and 688 Stores With Approx. 537 Franchisees in Canada

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $874,000

Cap Rate
6.50%
Tenant Name
Dairy Queen
Years Remaining On Lease
14.1
Guarantor
Franchisee Guarantee
Rentable SF
2,108
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.94

Investment Highlights

  • 20-Year, Triple Net (NNN) Lease with More Than 14 Years Remaining
  • Four, Five-Year Renewal Options With 10 Percent Rent Increases Throughout Base Term and Option Periods
  • Lonestar DQ, LLC is One of the Largest Dairy Queen Franchisees, Currently Owning and Operating 40+ DQ Restaurants
  • Part of the Amarillo, Texas Metro Area, Which is the Heart of Cattle Country and is a Major Transportation Hub in the Texas Panhandle
  • DQ has 4,503 Stores in the U.S. With Approx. 2,351 Franchisees; and 688 Stores With Approx. 537 Franchisees in Canada

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Dairy Queen located in Hereford, Texas. This Dairy Queen offers a 20-year, triple net lease with more than 14 years remaining on the base term. There are four, five-year renewal options with 10 percent rent increases every five years throughout the base term and option periods. The subject property consists of a 2,108-square foot, free-standing building situated on a 0.8-acre parcel. The lease is guaranteed by Lonestar DQ, LLC which is one of the largest Dairy Queen franchisees in Texas and the Dairy Queen system, currently owning and operating 41 DQ restaurants in Texas. This Dairy Queen restaurant is located in Hereford, Texas and is part of the Amarillo, Texas metro area. Amarillo is the heart of cattle country and is a major transportation hub in the Texas panhandle.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower