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24605254
24605253

1231 US-41, Inverness, FL 34450

RT
FL BK3015549
Marcus & Millichap - Orlando
JR
FL SL 677351
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$2,384,615
334 days on market
Updated 32 days ago

Dairy Queen -- New 20-Year Sale-Leaseback

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,439
Net Rentable (SqFt) 3,439
Cap Rate 6.50%
NOI $148,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dairy Queen
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Price per SqFt $720
Broker Co-Op Yes
Year Built 1984
Year Renovated 2010
Acreage 0.580
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Dairy Queen -- Long-Term (20 Years) Absolute NNN Sale-Leaseback

Marketing description

Introducing an exceptional investment opportunity at DAIRY QUEEN GRILL & CHILL - 1231 NORTH US HWY 41, INVERNESS, FL 34450. This property offers a rare 20-year sale leaseback with an attractive average cap rate of 7.90%. With an Absolute NNN lease type and no landlord responsibilities, this 3,439 SF single-tenant building on 0.60 acres boasts appealing features like 2% annual rental increases and prime visibility on US Highway 41. As part of a franchisee recognized for operational excellence and with over 25 years of experience, Dairy Queen is a globally renowned brand with more than 7,000 locations worldwide. The tenant's accolades include various prestigious awards like the "Top That" Award and the Miracle Maker Award from the Children's Miracle Network. Secure your position with this long-standing, income-producing asset in a desirable location surrounded by major retailers, schools, and government offices. Don't miss out on this income tax-free state investment opportunity.

Investment highlights

Absolute NNN Lease Type | Sale Leaseback at Closing

3,439 SF Single-Tenant Retail Property

Situated on 0.58 Acre

Excellent Access & Visibility

Direct Access Onto US Highway 41 | Main Arterial Road in the Area

Top Multi-Unit Franchisee Operator | Recognized for Various Awards

Nearby Major Retail / Government / Colleges / Schools: Publix, Winn-Dixie, Panera Bread, Pizza Hut, 7-Eleven, Planet Fitness, Sonny’s BBQ, Dunkin, Taco Bell, Wendy’s, CVS, HCA Florida Citrus Hospital, Withlacoochee Technical College, Citrus County Governmental Offices and Citrus High School and Related Athletic Fields

Florida is an Income Tax Free State

Listing Contacts

RT
FL BK3015549
Marcus & Millichap - Orlando
JR
FL SL 677351
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,000.00
$12,333.33/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

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