Absolute-Net Leased Dairy Queen Grill & Chill

Highlights:

• Absolute-net, long-term Dairy Queen location
• 1.5% Annual Rent Increases
• Experienced Multi-unit Operator
• Re-branded and Renovated in 2008 to "Grill & Chill" location
• Grill & Chill is Dairy Queens Flagship Concept

Description:

Marcus & Millichap is pleased to announce their recent exclusively listed investment offering, on behalf of ownership, the absolute-net leased Dairy Queen Grill & Chill located in Courtland, Virginia. This is a long-term Dairy Queen location, operating in a 2,842 sf restaurant with drive-thru. This DQ Grill & Chill location, offers not only the time honored classic Dairy Queen frozen treats, but full menu of hot-food options. The site is located directly on US Route 58 in Courtland, VA, which is a very busy East-West business route which runs effectively from Norfolk on the East across the entire southern portion of the Commonwealth of Virginia. Additional retailers in the immediate vicinity of the subject property and along section of US Route 58 in Courtland, include Food Lion, Hardee's, Sunoco, 7-Eleven, Peanut Patch Shoppe are all within one mile. The local Department of Motor Vehicle (DMV) is located within direct proximity of the Dairy Queen location, adding even more customer traffic to the site, which truly has become a staple of the local community as illustrated by its long-time operating history.

This location is operated by Mid Atlantic Dairy Queen, LLC and is outstanding opportunity for an investor to place capital in a property with an extended lease term remaining and the “flagship” concept of the renowned Dairy Queen brand – “Grill & Chill”. Having an annual rent increase of 1.5%, a long operation history at the location, an astute investor will capitalize on a very safe investment in the Commonwealth of Virginia with a sound and growing return.