Skip to main content

Restaurant

Dairy Queen

1801 S Goliad St, Rockwall, TX 75087

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
3,094
Guarantor
Franchisee Guarantee
Rentable SF
3,094
Price/Gross SF
$930.83
Lease Type
Absolute Net
Rent Per Square Feet
$46.54

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen in Rockwall, Texas. The property consists of a 3,094-square foot, freestanding building that sits on approximately 1.15 acres of land. The tenant will sign a new 15-year, absolute net lease, at the close of escrow. The lease will include 10 percent rental escalations every five years throughout the primary term, as well as the option periods. The property has excellent access and visibility on South Goliad Street, where traffic counts exceed 29,351 vehicles per day. The area is extremely dense with more than 108,034 residents within a five-mile radius. Surrounding retailers in the immediate area include Costco, Best Buy, Hobby Lobby, Walmart Supercenter, Kroger, Lowe’s, Target, The Home Depot, 7-Eleven, Whataburger, Sherwin-Williams 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

  • New 15-Year Absolute Net Lease to be Signed at Close of Escrow
  • Attractive 10% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Excellent Access and Visibility on South Goliad Street (29,351 Vehicles per Day)
  • More than 108,034 Residents Within a Five-Mile Radius
  • Large 1.15 Acres Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Financing By

Listing Price: $2,880,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
3,094
Guarantor
Franchisee Guarantee
Rentable SF
3,094
Price/Gross SF
$930.83
Lease Type
Absolute Net
Rent Per Square Feet
$46.54

Investment Highlights

  • New 15-Year Absolute Net Lease to be Signed at Close of Escrow
  • Attractive 10% Rental Escalations Every Five Years Throughout the Primary Term and Option Periods
  • Excellent Access and Visibility on South Goliad Street (29,351 Vehicles per Day)
  • More than 108,034 Residents Within a Five-Mile Radius
  • Large 1.15 Acres Parcel with Ample Parking and Multiple Access Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen in Rockwall, Texas. The property consists of a 3,094-square foot, freestanding building that sits on approximately 1.15 acres of land. The tenant will sign a new 15-year, absolute net lease, at the close of escrow. The lease will include 10 percent rental escalations every five years throughout the primary term, as well as the option periods. The property has excellent access and visibility on South Goliad Street, where traffic counts exceed 29,351 vehicles per day. The area is extremely dense with more than 108,034 residents within a five-mile radius. Surrounding retailers in the immediate area include Costco, Best Buy, Hobby Lobby, Walmart Supercenter, Kroger, Lowe’s, Target, The Home Depot, 7-Eleven, Whataburger, Sherwin-Williams 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

MM Texture Background
MM Textured Background Lower