This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Dairy Queen 3300 13th St
3,200 SF Retail Building Ashland, KY 41102 $2,050,000 ($641/SF) 5.70% Cap Rate
Investment Highlights
- 13 Years remaining on 20-year lease with 3 five-year options to renew and 8% rental increases every 5 years
- Heavy Traffic with over 16,000 cars per day, adjacent to YMCA and Paul Blazer High School
- Largest Dairy Queen Franchisee in the U.S. with over 240 locations
Executive Summary
Dairy Queen Grill & Chill with 13 years remaining on a twenty-year NNN Lease, with 3 five-year options to renew. 8% rental increases every 5 years.
Business:
Operating in same location since 2002 (renovated in 2013) with a highly attractive 6.78% rent to sales ratio.
Lease Guarantor:
Frauenshuh Hospitality Group of IN/KY LLC with this lease guaranteed by approximately 100 locations.
Franchisee:
Fourteen Foods -- the largest Dairy Queen Franchisee in the U.S., with 243 locations in Kentucky, Alabama, Florida, Indiana, Minnesota, Nebraska, South Dakota, Tennessee, North Carolina and Wisconsin.
Traffic Counts:
High drive-by visibility on 13th Street with 16,019 cars per day
Great Location:
Adjacent to YMCA and Paul Blazer High School
Excellent Demographics:
Total Population within 5 Miles: 57,576
Average Household Income: $59,818
Property Facts
Amenities
- Pylon Sign
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
International Dairy Queen Inc., (IDQ), based in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. Through its subsidiaries, IDQ develops, licenses and services a system of locations in the United States, Canada and more than several other countries. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 023-05-12-001.00 | Improvements Assessment | $1,658,000 |
| Land Assessment | $225,000 | Total Assessment | $1,883,000 |
PROPERTY TAXES
Presented by
Michael Levine & Associates
Dairy Queen | 3300 13th St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.