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Restaurant

Dairy Queen

4510 Lakeview Pkwy, Rowlett, TX 75088

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
2,522
Guarantor
Franchisee Guarantee
Rentable SF
2,522
Price/Gross SF
$951.63
Lease Type
Absolute Net
Rent Per Square Feet
$47.58

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen across from Super Target in Rowlett, Texas. The property consists of a 2,522-square foot, freestanding building that sits on approximately 0.87 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 Lakeview Parkway (33,315 VPD), near President George Bush Turnpike (50,691 VPD). The area is extremely dense with more than 204,117 residents within a five-mile radius. Surrounding retailers in the immediate area include Target, Ross, QuikTrip, CVS, Dairy Queen, Applebee’s, Raising Cane’s, Ross Dress For Less, Sonic Drive-In 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
  • Near the Intersection of Lakeview Pkwy and President George Bush Turnpike (Combined 84,000 VPD)
  • Next to Super Target
  • More than 204,117 Residents Within a Five-Mile Radius
  • 5 Miles from the $1 Billion Planned Sapphire Bay Mixed-Use Development

Exclusively Listed By

Financing By

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
15.0
Gross SF
2,522
Guarantor
Franchisee Guarantee
Rentable SF
2,522
Price/Gross SF
$951.63
Lease Type
Absolute Net
Rent Per Square Feet
$47.58

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
  • Near the Intersection of Lakeview Pkwy and President George Bush Turnpike (Combined 84,000 VPD)
  • Next to Super Target
  • More than 204,117 Residents Within a Five-Mile Radius
  • 5 Miles from the $1 Billion Planned Sapphire Bay Mixed-Use Development

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Dairy Queen across from Super Target in Rowlett, Texas. The property consists of a 2,522-square foot, freestanding building that sits on approximately 0.87 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 Lakeview Parkway (33,315 VPD), near President George Bush Turnpike (50,691 VPD). The area is extremely dense with more than 204,117 residents within a five-mile radius. Surrounding retailers in the immediate area include Target, Ross, QuikTrip, CVS, Dairy Queen, Applebee’s, Raising Cane’s, Ross Dress For Less, Sonic Drive-In 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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