105 Grindstone Ct
Hinckley, MN 55037
DQ Grill & Chill: New 20 Year Absolute Lse · Retail Property For Sale
PROPERTY FACTS
- Fast Food
- General Retail Freestanding
- General Retail Restaurant
About 105 Grindstone Ct , Hinckley, MN 55037
Dairy Queen has a brand new 20 year Absolute NNN lease with 8% rental escalations every 5 years with 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 212 in 13 States) has 67 locations backing the performance of the lease! This location has been successfully open and operating since 1994 with an attractive 7% rent to sales ratio. The subject property was recently modeled in 2016 to a Grill & Chill concept adding an expanded menu for both lunch and dinner. Dairy Queen is located in Hinkley, Minnesota just east of I-35 and north of Fire Mountain Rd. with high drive by visibility. The subject property is located less than 1.5 mile from Grand Casino Hinkley (563 hotel rooms and 22,480 SF ballroom). *In Association with Minnesota Local Broker: Noel Johnson, Premier Real Estate Services #20089850
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PROPERTY TAXES
Parcel Number | 040.5326.012 | Improvements Assessment | $341,600 |
Land Assessment | $207,800 | Total Assessment | $549,400 |
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Listing ID: 13548141
Date on Market: 8/20/2018
Last Updated:
Address: 105 Grindstone Ct, Hinckley, MN 55037