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Restaurant

Dairy Queen | Income Tax Free State | Absolute NNN | 5.38% Blended Cap

406 N Interstate 35 E Rd, Red Oak, TX 75154

Listing Price: $2,814,450

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
16.5
Guarantor
Franchisee Guarantee
Rentable SF
3,043
Lease Type
Absolute Net
Rent Per Square Feet
$46.24

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Dairy Queen located 401 N I-35 E Rd, in Red Oak, TX. The site constructed in 2011 consists of 3,043 rentable square feet of building space and sits on an approximately 1.03 acre parcel of land. Dairy Queen is subject to a Absolute NNN lease, the starting base rent shall be $140,723 with three, five-year tenant renewal options with 10% rental increase every 5 years. The subject property has displayed strong performance throughout its history in Red Oak, with frontage to Interstate 35 that has over 100,000 AADT.

Investment Highlights

  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 16.5 Years Remaining On Initial Term
  • Tenant Renewal Options: Three (3), Five-Year Options
  • 10% Rental Escalation Every Five Years
  • Dallas-Fort Worth MSA
  • Located On A Major Thoroughfare
  • 5.38% Blended Cap Rate

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Dairy Queen | Income Tax Free State | Absolute NNN | 5.38% Blended Cap

Listing Price: $2,814,450

Cap Rate
5.00%
Tenant Name
Dairy Queen
Years Remaining On Lease
16.5
Guarantor
Franchisee Guarantee
Rentable SF
3,043
Lease Type
Absolute Net
Rent Per Square Feet
$46.24

Investment Highlights

  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 16.5 Years Remaining On Initial Term
  • Tenant Renewal Options: Three (3), Five-Year Options
  • 10% Rental Escalation Every Five Years
  • Dallas-Fort Worth MSA
  • Located On A Major Thoroughfare
  • 5.38% Blended Cap Rate

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Dairy Queen located 401 N I-35 E Rd, in Red Oak, TX. The site constructed in 2011 consists of 3,043 rentable square feet of building space and sits on an approximately 1.03 acre parcel of land. Dairy Queen is subject to a Absolute NNN lease, the starting base rent shall be $140,723 with three, five-year tenant renewal options with 10% rental increase every 5 years. The subject property has displayed strong performance throughout its history in Red Oak, with frontage to Interstate 35 that has over 100,000 AADT.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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