CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Jackson, CBRE - Midtown Manhattan, CBRE Capital Markets
$1,103,300
±11.0-Year Absolute NNN Dairy Queen Grill & Chill
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,367
Cap Rate 7.25%
NOI $79,983
Tenancy Single
Brand/Tenant Fourteen Foods, LLC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/30/2037
Rent Bumps Yes
Year Built 2014
Acreage 0.740
Parking Spaces 35 spaces
Parking Per SqFt 10.40
Investment Type Net Lease
Lease Commencement 05/08/2017
205 Riverwind East Drive, Pearl, MS 39208
Investment highlights
- Fourteen Foods, LLC | Tenant: Largest Dairy Queen franchisee in the U.S., Fourteen Foods operates 250+ DQ Grill & Chill® locations across 13 states. Founded in 2002, the company has grown from one store to over 9,000 employees under CEO Matthew Frauenshuh.
- Absolute NNN Lease with Guaranty: Dairy Queen's absolute NNN Lease features ±11.0 years of primary term remaining with a 10% rent increase in 2032 during the initial term and in each of the four, 5-year renewal options. Additionally, the lease is backed by the guaranty of The Frauenshuh Hospitality Group of KY/IN, LLC.
- Excellent Access & Visibility: Located less than 4 miles southeast of downtown Jackson, the subject property features prominent interstate visibility with direct access along Riverwind East Drive, positioned immediately north of the Interstate 20 (75,000 VPD) interchange (75,000 VPD) and just feet south of Highway 80 (20,000 VPD).
- Strategic Location: The asset is located less than 1.5 miles east of the 343,000 SF Outlets of Mississippi and Trustmark Park (a 7,200-capacity stadium), placing it within a major regional retail and entertainment district. The immediate trade area serves as a dominant consumer draw, driven by prominent non-restaurant traffic generators including Sam's Club, Bass Pro Shops, Cinemark, U-Haul and the Pearl Public Library. In total, there are 4.2 MSF of retail, 6.8 MSF of industrial and 1,545 multifamily units within a 3-mile radius of the site.
- Hospitality Hub: The property benefits from its immediate proximity to a dense hospitality corridor featuring over 900 hotel rooms. Neighboring national lodging brands include Residence Inn, Holiday Inn, Hilton Garden Inn, Hampton Inn, Fairfield Inn, and Comfort Inn, generating a consistent volume of transient and out-of-town consumer traffic to the immediate trade area.
- Dynamic Demographics | Built-In Customer Base: Dairy Queen benefits from dynamic demographics with a population of 19,174 and an average household income of $67,025 within a 3-mile radius. Additionally, there are over 2,700 households within a 1-mile radius of the site, placing a substantial consumer base within walking distance.
- Jackson, MS MSA Advantage: The Jackson, Mississippi Metropolitan Statistical Area (MSA Population: 603,484), which includes Hinds, Madison and Rankin counties, serves as the state's primary economic, governmental and cultural hub.
Listing Contacts
CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Jackson, CBRE - Midtown Manhattan, CBRE Capital Markets
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,983.00
$6,665.25/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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