Listed by SRS Real Estate Partners Newport Beach
$1,135,000
Dairy Queen | 15+ Yrs NNN | 4.25% RTS in 2025
Details
APN W6450-00-001-0004-00
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 2,280
Units 1
Cap Rate 5.5%
NOI $62,436
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/28/2042
Remaining Term 15.6
Rent Bumps Yes
Lease Options 5 (5-year)
Year Built 1985
Buildings 1
Acreage 0.550
Zoning General Commercial
Parking Spaces 25 spaces
Parking per 1,000 SqFt 10.96
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/18/2022
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
33-Unit Guarantor | 1% Annual Rent Increases
Investment highlights
- The tenant currently has 15+ years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 1% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
- Tenant operated at a 4.25% rent-to-sales ratio in 2025 | Contact Agent for Details
- DQ develops, licenses, and services a system of more than 7,800 DQ restaurants in more than 20 countries
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,436.00
$5,203.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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