Dairy Queen

Sheboygan, WI

Price $766,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Closed
Tenant Dairy Queen
LEASE TYPE Absolute NNN
SQUARE FEET 1,392
PRICE/SQ FT $550
YEAR BUILT 2002
LEASE EXP. 08/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Renee Wurzelbacher, Bang Realty
Wisconsin Local Broker #58296-90

Property Description

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

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 8% Rental Escalations every 5 Years!
  • Open for Business since 2002 with an Attractive 7.25% Rent-to Sales Ratio!
  • Demographics (5-Mi): Total Population: 62,689 | Average Household Income: $63,563
  • 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!
  • Great Visibility on Calumet Dr (State Hwy 42) Just off the Hard Corner where Traffic Counts Exceed 19,400 CPD