Catylist ID:
#30806855
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* |
Attachments & Media
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 |
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
Gabrielle SiddiqiSummit Realty PartnersNECPE Member |
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