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Dairy Queen | 12yrs Remain Abs NNN w/ Incrs 1835 W Main St 2,624 SF Retail Building Norman, OK 73069 $3,043,920 CAD ($1,160.03 CAD/SF) 6% Cap Rate

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Investment Highlights

12 Years Remaining | Options To Extend | Scheduled Rental Increases
Sooner Mall | University of Oklahoma (29,000+ Students) |Norman High School (2,100+ Students)

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dairy Queen investment property located in Norman, Oklahoma. The tenant, Dairy Queen, has 12 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,624 SF

Building Class

Year Built

2015

Price

$3,043,920 CAD

Price Per SF

$1,160.03 CAD

Cap Rate

NOI

$182,635 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.91 AC

Zoning

C-2 - General Commercial

Parking

21 Spaces (8 Spaces per 1,000 SF Leased)

Frontage

110’ on Main

Pylon Sign

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Dairy Queen began in 1940 with the opening of the first restaurant in Joliet, Illinois, and later grew into International Dairy Queen, the parent company behind the DQ brand. The company operates as a quick-service restaurant system with a menu centered on soft serve desserts, frozen treats, burgers, chicken, and other hot foods. The business spans restaurant development, licensing, and service support for a broad franchise network in international markets. Dairy Queen is part of Berkshire Hathaway and continues to market the DQ brand through restaurants, mobile ordering, and franchise programs.