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Restaurant

Dairy Queen

1226 US-287 BYP, Waxahachie, TX 75165

Listing Price: $2,786,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
16.8
Gross SF
3,019
Guarantor
Local Franchisee
Rentable SF
3,019
Price/Gross SF
$922.82
Lease Type
Absolute Net
Rent Per Square Feet
$46.15

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen in Waxahachie, Texas. The property consists of a 3,019-square-foot, freestanding building situated on approximately 1.18 acres of land. There are approximately 16.8 years remaining on the current lease term, with 10 percent rental escalations every five years in the main term, as well as each option. The property has excellent visibility and access on Highway 287 and is near Interstate 35; combined traffic counts exceed 94,140 vehicles per day. The property is close to the Waxahachie Campus of Navarro College and Baylor Scott & White Medical Center. Surrounding retailers in the immediate area include Walmart, Lowe’s, The Home Depot, Best Buy, JCPenney, Office Depot, H-E-B, Target, Chick-fil-A and many more. The local franchisee has been operating out of Dallas for more than 10 years. The company owns and operates six Dairy Queens around Dallas-Fort Worth. Since opening its first store, the company has received various awards and recognition for sales achievements, and a dedication to exceptional customer service.

Investment Highlights

  • Long-Term Absolute Net Lease with 16.8 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Main Retail Corridor Location on Highway 287 (51,750 VPD)
  • Larger, 3,019-Square-Foot Prototype on an Oversized-1.18-Acre Parcel
  • Near Baylor Scott & White Medical Center - Waxahachie, a $175 Million Medical Center Completed in 2014

Exclusively Listed By

Financing By

Listing Price: $2,786,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
16.8
Gross SF
3,019
Guarantor
Local Franchisee
Rentable SF
3,019
Price/Gross SF
$922.82
Lease Type
Absolute Net
Rent Per Square Feet
$46.15

Investment Highlights

  • Long-Term Absolute Net Lease with 16.8 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Main Retail Corridor Location on Highway 287 (51,750 VPD)
  • Larger, 3,019-Square-Foot Prototype on an Oversized-1.18-Acre Parcel
  • Near Baylor Scott & White Medical Center - Waxahachie, a $175 Million Medical Center Completed in 2014

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen in Waxahachie, Texas. The property consists of a 3,019-square-foot, freestanding building situated on approximately 1.18 acres of land. There are approximately 16.8 years remaining on the current lease term, with 10 percent rental escalations every five years in the main term, as well as each option. The property has excellent visibility and access on Highway 287 and is near Interstate 35; combined traffic counts exceed 94,140 vehicles per day. The property is close to the Waxahachie Campus of Navarro College and Baylor Scott & White Medical Center. Surrounding retailers in the immediate area include Walmart, Lowe’s, The Home Depot, Best Buy, JCPenney, Office Depot, H-E-B, Target, Chick-fil-A and many more. The local franchisee has been operating out of Dallas for more than 10 years. The company owns and operates six Dairy Queens around Dallas-Fort Worth. Since opening its first store, the company has received various awards and recognition for sales achievements, and a dedication to exceptional customer service.

Exclusively Listed By

Financing By

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