DQ Grill & Chill

Williamston, NC

Price $1,531,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenant DQ Grill & Chill
LEASE TYPE Absolute NNN
SQUARE FEET 2,664
PRICE/SQ FT $574
YEAR BUILT 2009
LEASE EXP. 10/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Chuck Langston, Langston Black
South Carolina Local Broker #17054

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 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

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with 8% Rental Escalations every 5 Years
  • Attractive 7.25% Rent to Sales Ratio! Helping to Ensure Long-Term Profitability at This Location
  • Demographics (5-MI): Total Population: 11,198 | Average Household Income: $48,845
  • Fourteen Foods, LLC is the largest Dairy Queen Franchisee in the US with 216 in 13 States - All DQ Locations Backing the Performance of the Lease
  • Sits on a Large ±1.62-Acre Lot with Great Drive-By Visibility on Washington St where Traffic Counts Exceed 25,000 CPD!