Absolute NNN Dairy Queen | Lease Guaranteed by a 75-Unit Operator

Retail-Commercial for Sale
Catylist Listing ID: 30173128
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 1,800 SF
Gross Land Area: 21,780 SF
Sale Price: $1,008,000
Unit Price: $560 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 1,800 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 2/12/2018

Overview / Comments

- Absolute NNN Dairy Queen
- 10 Years Remaining on Lease Plus Four Five-Year Options
- 10 Percent Rent Increases Every Five Years
- Guaranteed by the Second Largest Dairy Queen Franchisee (75 Locations)
- 38-Year Operating History
- Signage Visible From Interstate 25

Attachments & Media

Additional Details

Nearest MSA: Taos
County: Colfax

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,833 4,591 6,389
Median Age: 41.73 41.58 44.16
Households: 1,263 2,024 2,789

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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