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105 Grindstone Ct
Hinckley, MN 55037

DQ Grill & Chill: New 20 Year Absolute Lse · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,519 SF
Building Class
B
Year Built/Renovated
1994/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC

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

PROPERTY TAXES

  • Listing ID: 13548141

  • Date on Market: 8/20/2018

  • Last Updated:

  • Address: 105 Grindstone Ct, Hinckley, MN 55037