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
*Cap Rate is based on rent increase on Sept 1, 2021 with Seller credit at closing for any rent difference as compared to the current rent.
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.
Broker of Record
Tim Speck
District Manager, Texas
Lic. # 9002994
