Dairy Queen Grill & Chill

Listing Detail

Dairy Queen Grill & Chill, Courtland, VA

1/5

Investment Highlights

Absolute Net Leased Dairy Queen Grill & Chill Drive-Thru With Five Years of Base Term Remaining, Four Five-Year Options and 1.5% Annual Rent Increases
Long-Term Dairy Queen Location Was Opened in 1988 and Renovated in 2008
Lease is Backed by an Operator of 15 Dairy Queen Locations Throughout the Hampton Roads Region
Solid Retail Location Along a Major State Route (VA-58) With Traffic Volume Reaching Nearly 22,000 Vehicles Per Day
Nearby Tenants Include the DMV, 7-Eleven, Food Lion, the Courtland Inn, and Dollar General, and a Short Eight-Minute Drive to Major Retailers Such as Walmart and Lowe’s

Dairy Queen Grill & Chill

Courtland, VA

Type: Net Lease
Tenant: Mid Atlantic Dairy Queen LLC
List Price: $1,799,000
Lease Type: Absolute Net
Price/SF: $601
Cap Rate: 8.43%

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market the absolute net leased Dairy Queen Grill & Chill located at 27490 Southampton Parkway in Courtland, Virginia. This long-term Dairy Queen location has been open since 1988 and was renovated in 2008, demonstrating tenant commitment to the location. This store is on an absolute net lease backed by Mid Atlantic Dairy Queen LLC, a franchisee with 15 Dairy Queen locations throughout the region. The lease has five years of base term remaining, four five-year options, and 1.5 percent annual rent increases.

VA Broker of Record: Brian Hosey, License #0225247494