Dairy Queen has a brand new 20-year Absolute NNN lease with 8% rental escalations every 5 years and three 5-year renewal options. The tenant, Frauenshuh Hospitality Group on MN, LLC (a subsidiary of Fourteen Foods – largest Dairy Queen Franchisee in the U.S. with 216 in 13 states) has 67 locations backing the performance of the lease! The subject location has been open for business since 2002 with an attractive 7.25% rent-to-sales ratio.
Dairy Queen is located in Sheboygan, Wisconsin just off a hard corner near State Hwy 42 with high drive-by visibility. This asset is located less than 3 miles from the University of Wisconsin Sheboygan and 1.5 miles from Aurora Sheboygan Memorial Medical Center (134 beds) and HSHS St. Nichols Hospital (185 beds). Nearby retailers to the subject location include: Kohl’s, Shopko, Bed Bath & Beyond, Hobby Lobby, Dollar Tree, Piggly Wiggly, ALDI, Big Lots, OfficeMax, Dunham’s Sports, Harbor Freight Tools, Family Dollar, Festival Foods, Marcus Cinema, etc.
In Association With Wisconsin Local Broker: Renee Wurzelbacher, Bang Realty-Wisconsin #58296-90