Single Tenant Net Lease Opportunity - Dairy Queen - For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30806855
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending/Contingent
Building Size (RSF): 2,612 SF
Gross Building Area: See Agent
Gross Land Area: 1.56 Acres
Sale Price: $1,700,000
Unit Price: $650.84 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.3%
Last Updated: 9/29/2022

Overview / Comments

Opportunity to purchase this Dairy Queen Grill & Chill with drive-thru investment property located at 196 Loudon Road (Route 9) in Concord, New Hampshire. Dairy Queen signed a new, 20-year ground lease at the Property in 2016 and opened for business in 2017. The absolute triple-net ground lease currently has 15+/- years remaining plus four (4), 5-year renewal options. Both the initial term and the renewal terms include an attractive 10% rent increase every 5 years. The Dairy Queen lease is signed by Shona Foods, Inc. and guaranteed by Northeast Foods, LLC. There is a sublease in place to Gyann Foods, LLC who is the operator of the Dairy Queen.

This highly visible property is located in the densely populated Concord Heights neighborhood of Concord which is the Capital of New Hampshire. The property has great frontage, ample parking and excellent access. The property benefits from its close proximity to many regional shopping centers and strong traffic counts on Loudon Road. National brands in the area include Target, Walmart, Home Depot, Dick's Sporting Goods, Best Buy, Jared Jewelers, PetSmart, Ocean State Job Lot, Regal Cinema’s, Harbor Freight Tools, Shaw's Supermarket, Aldi, Burger King, Starbucks, Pizza Hut, Valvoline, CVS, Walgreens, Olive Garden, TGIF, Applebee's and more. The property provides convenient access to the region’s two major highways, Interstate I-93 and Interstate-393.

Property Video: https://vimeo.com/717445969

*Please sign attached CA and email to go@sumrp.com for more information*

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 7125
Zoning: GENERAL COMMERCIAL
Property Visibility: Excellent
Traffic/Vehicle Count: 22,000
Highway Access: The property provides convenient access to the region’s two major highways, Interstate I-93 and Interstate-393.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2017
Total Parking Spaces: 40
Parking Type: Surface
Lot Frontage: 134
Water Service: Municipal
Sewer Type: Municipal
Easements Description: See Agent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,332 26,581 41,451
Median Age: 37.56 39.7 39.95
Households: 2,506 11,763 16,801

Contact

Photograph of Listing Agent

Gabrielle Siddiqi

Summit Realty Partners
NECPE Member
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