DQ Grill & Chill

Wildersville, TN

Price $1,050,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Closed
Tenant DQ Grill & Chill
LEASE TYPE Absolute NNN
SQUARE FEET 1,500
PRICE/SQ FT $700
YEAR BUILT 2010
LEASE EXP. 08/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Terry Lynch, Southland Realty Corporation
Tennessee Local Broker, #15798

Property Description

DQ Grill & Chill has a brand new 20-year Absolute NNN lease with 8% rental escalations every 5 years and three 5-year renewal options. The lease guarantor, Frauenshuh Hospitality Group KY/IN, LLC (A subsidiary of Fourteen Foods – largest Dairy Queen Franchisee in the U.S. with 216 in 13 states) has 107 DQ locations backing the performance of the lease. This asset has been successfully open and operating for 8+ years with an attractive 7.25% rent to sales ratio!

DQ Grill & Chill is located in Wilderville, TN just off the exit ramp of US Hwy 22 with high drive by visibility. The subject location is less than 2 miles from Union University (enrollment 3,400 students) and 2 miles from West Tennessee Healthcare – Jackson – Madison Co. General Hospital (642 beds). Nearby retailers within 3 miles include: Old Hickory Mall (anchored by Macy’s, Belk, Sears & JCPenney), Walmart Supercenter, Target, Kohl’s, Lowe’s Home Improvement, The Home Depot, Best Buy, Hobby Lobby, Kroger, Sam’s Club, Academy Sports + Outdoors, Dick’s Sporting Goods, Gap Outlet, Sketchers Outlet, Ashley HomeStore, Bed Bath & Beyond, Pier 1 Imports, Tractor Supply Co., Petco, PetSmart, Shoe Carnival, OfficeMax, Books-A-Million, Joann Fabrics, Dollar Tree, ALDI, etc.

*In Association with Tennessee Local Broker: Terry Lynch, Southland Realty Corporation #15798

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 8% Rental Escalations every 5 Years!
  • Successfully Open & Operating for ±8 Years with an Attractive 7.25% Rent-to Sales Ratio!
  • Demographics: Total Population (5-MI): 2,723 | Avg HH Income (3-MI): $63,885
  • Frauenshuh Hospitality Group KY/IN, LLC (A Subsidiary of Fourteen Foods – Largest Dairy Queen Franchisee in the U.S. with 216 in 13 states) has 107 DQ Locations Backing the Performance of the Lease
  • Excellent Drive-By Visibility from Hwy 22 N and I-40, Positioned Just Off the Exit Ramp where Traffic Counts Exceed 39,030 CPD!