CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Jackson, CBRE - Midtown Manhattan, CBRE Capital Markets
$1,365,600
±11.0-Year Absolute NNN Dairy Queen Grill & Chill
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,385
Cap Rate 7.25%
NOI $99,003
Occupancy 100%
Tenancy Single
Brand/Tenant Fourteen Foods, LLC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/30/2037
Rent Bumps Yes
Year Built 2015
Acreage 0.850
Parking Spaces 25 spaces
Parking Per SqFt 10.48
Investment Type Net Lease
Lease Commencement 05/08/2017
2410 US-80, Jackson, MS 39204
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 - The subject property features direct frontage along Highway 80 West (21,000 VPD)—a major East-West commercial thoroughfare in Jackson, and sits approximately 1,200 feet north of Interstate 20 (79,000 VPD) access ramps via Bobby Rush Boulevard (21,000 VPD).
- Strategic Location - The property is surrounded by a mix of national retail and fast-food tenants, including AutoZone, Save-A-Lot, Cricket Wireless, Boost Mobile, American Mini Storage, U-Haul and Mr. Transmission, driving steady retail and service-oriented consumer traffic to the immediate trade area. In total, there are 8.9 MSF of retail, 7.4 MSF of office, 5.9 MSF of industrial and 6,177 multifamily units within a 3-mile radius.
- Proximate to Jackson State University - The location is situated approximately 1.5 miles south of the Jackson State University campus, which serves a student population of over 6,000 individuals and provides a consistent nearby driver of daytime consumer activity.
- Dynamic Demographics | Built-In Customer Base - Dairy Queen benefits from dynamic demographics with a population of 45,051 and an average household income of $52,210 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. Anchored by the city of Jackson, the MSA benefits from a diverse employment base led by state government, healthcare, education and financial services, with major institutions such as the University of Mississippi Medical Center and several regional hospital systems playing an outsized role in job creation.
Listing Contacts
CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Jackson, CBRE - Midtown Manhattan, CBRE Capital Markets
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,003.00
$8,250.25/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
