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Dairy Queen Grill & Chill 1222 S Shannon St 2,276 SF Retail Building Van Wert, OH 45891 $2,161,792 CAD ($949.82 CAD/SF) 6% Cap Rate
Investment Highlights
- Operating History & Site Commitment
- Capital Improvements
- Zero Landlord Responsibilities
- Long Term Lease
- Attractive Rent Increases
- Strategic Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Dairy Queen located at 1222 South Shannon Street in Van Wert, OH (the “Property”). Dairy Queen has a long operating history at the Property, opening in 1991, and has executed multiple lease extensions demonstrating their commitment to the site and market. In 2023, Dairy Queen executed a long-term, 20-year lease extension in addition to building renovations, and the Absolute NNN Lease currently has over 17 years of term remaining. Dairy Queen is positioned along South Shannon Street, one of Van Wert’s primary commercial corridors, offering excellent visibility, prominent signage, and convenient access with ample on-site parking. The Property benefits from steady traffic generated by nearby retailers and restaurants, notably two grocery- anchored centers featuring Ruler Foods (directly adjacent) and Chief Supermarket (across the street), as well as residential neighborhoods surrounding Downtown Van Wert, just over a mile away. The site is further supported by proximity to OhioHealth Van Wert Hospital, 1.5 miles away, Van Wert’s Public Schools, 0.5 miles away, and a large manufacturing facility for Greif, Inc, just under a mile away. The Property offers easy access to US Routes 127, 30, and 224, allowing for broader regional transportation. Van Wert is located approximately 35 miles southeast of Fort Wayne, Indiana, and 95 miles southwest of Toledo, Ohio, providing access to larger regional employment, retail, and consumer markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,276 SF
Building Class
C
Year Built/Renovated
1970/1985
Price
$2,161,792 CAD
Price Per SF
$949.82 CAD
Cap Rate
6%
NOI
$129,735 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
C - Commercial
Frontage
266’ on South Shannon Street
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Sep 2043
International Dairy Queen Inc. (IDQ), établie à Minneapolis, au Minnesota, est la société mère d'American Dairy Queen Corporation et de Dairy Queen Canada, Inc. Par l'entremise de ses filiales, IDQ développe, octroie des licences et assure l'entretien d'un système d'emplacements aux États-Unis, au Canada et dans plusieurs autres pays. IDQ est une filiale de Berkshire Hathaway Inc., dirigée par Warren Buffett, le légendaire investisseur et chef de la direction de Berkshire.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Sep 2043 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-030475.3900 | Improvements Assessment | $122,682 CAD |
| Land Assessment | $31,676 CAD | Total Assessment | $154,358 CAD |
Property Taxes
Parcel Number
12-030475.3900
Land Assessment
$31,676 CAD
Improvements Assessment
$122,682 CAD
Total Assessment
$154,358 CAD
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Dairy Queen Grill & Chill | 1222 S Shannon St
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