Listed by SRS Real Estate Partners Newport Beach
$1,703,000
Dairy Queen | 15+ Yrs NNN | 18% Sales Growth since '24
Details
APN 6510-0002-0080
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,994
Units 1
Cap Rate 5.5%
NOI $93,654
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, Wendy's
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 1994
Acreage 0.630
Zoning CN-1: Neighborhood Commercial
Parking Spaces 19 spaces
Parking per 1,000 SqFt 9.53
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 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's sales have increased over 18% since 2024 and operated at a sub-8% rent-to-sales ratio in 2025
- 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
$93,654.00
$7,804.50/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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