Dq Grill & Chill (Strong Sales) – North Vernon, In

Highlights:

• ABSOLUTE NNN LEASE: Over 11 years remaining on initial 15-year Absolute NNN lease with an attractive 10% rental escalations every 5 years
• TENANT | GUARANTORS: MJB Management Group, LLC is a multi-brand food service operator with a portfolio that includes 2 Dairy Queen, 1 Denato’s Pizza and 2 Corner Bakery locations. Personally Guaranteed Lease!
• SEASONED SALES LOCATION: Successfully open and operating for decades with an attractive 4.12% Rent to Sales Ratio (YE 2024)!
• STRONG INTRINSIC VALUE: Priced below replacement cost with replaceable rents!
• TRAFFIC COUNTS: Excellent visibility/access on N State St, the market’s prime north/south corridor with traffic counts of 23,298 CPD!
• 2025 DEMOGRAPHICS: Total Population (5MI): 16,270| Average Household Income (1MI): $79,714

Description:

DQ has Over 11 years remaining on initial 15-year Absolute NNN lease with an attractive 10% rental escalations every 5 years. The Tenant, MJB Management Group, LLC is a multi-brand food service operator with a portfolio that includes 2 Dairy Queen, 1 Denato’s Pizza and 2 Corner Bakery locations. Personally Guaranteed Lease! It is Successfully open and operating for decades with an attractive 4.12% Rent to Sales Ratio (YE 2024)! DQ is Priced below replacement cost with replaceable rents!

Major retailers in North Vernon include Walmart, Bomgaars, CVS, Dollar General, Dollar Tree, Family Dollar, Jay C, Goodwill, AutoZone, O’Reilly Auto Parts, Verizon, Anytime Fitness; Dining options include McDonald’s, KFC, Taco Bell, Wendy’s, Burger King, Arby’s, Hardee’s, Domino’s Pizza, Pizza Hut, Papa John’s, and Pizza King. DQ is Less than half a mile from Ascension St. Vincent Jennings – a 25-bed critical access hospital and ER with inpatient and outpatient primary & specialty care.

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