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 tenant, Fourteen Foods – largest DQ franchisee in the US, has 216 DQ locations in 13 states, all DQ locations backing the performance of the lease. The subject location has an attractive 7.25% rent-to-sales ratio, helping to ensure long-term profitability at this location!
DQ Grill & Chill is located in Williamston, North Carolina on a large 1.62 acre lot with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Belk, Piggly Wiggly, Food Lion, Dollar Tree, Family Dollar, Dollar General, Tractor Supply Co., Aaron’s, Rent-A-Center, Roses, Shoe Show, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, NAPA Auto Parts, Hibbett Sports, Rite Aid, Sherwin Williams, Cricket Wireless, U.S. Cellular, etc. This asset is just 2 miles from Martin Community College (enrollment of 799) and less than 1 mile from Martin General Hospital (49 beds).
*In Association with North Carolina Local Broker: Chuck Langston, Langston Black #56396