Flower Mound, TX - Dairy Queen

Description:

• The tenant recently has approximately 10+ years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation

• The subject property is strategically located at the signalized, hard-corner intersection of Highland Village Rd and Justin Rd, which averages a combined 41,900 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Whole Foods, Target, Lowe’s Home Improvement, Academy Sports & Outdoors, TJ Maxx, LA Fitness, Planet Fitness, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site