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Dairy Queen 3300 13th St 3,520 SF Retail Building Ashland, KY 41102 $2,533,147 CAD ($719.64 CAD/SF) 6.25% Cap Rate

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Investment Highlights

  • Long Term Lease
  • Zero Landlord Responsibilities
  • Strategic Location
  • Attractive Rent Increases
  • Premier Operator
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Dairy Queen located at 3300 13th Street in Ashland, KY (the “Property”). Dairy Queen signed a long-term, 20-year lease in 2019 that currently has over 13 years of term remaining and is followed by three (3), 5-year options. The lease calls for attractive 8% rent increases every five years throughout the base term and at the beginning of each renewal option. Dairy Queen is positioned along 13th Street, a well-traveled commercial corridor in Ashland with strong visibility and convenient ingress and egress. The site is located directly in front of a YMCA and near Paul G. Blazer High School, benefiting from consistent daily traffic generated by recreational, educational, and community uses. The Property also draws support from its proximity to King’s Daughters Medical Center, the region’s largest employer, and Ashland Town Center, the dominant regional shopping destination serving the Tri-State area of Kentucky, Ohio, and West Virginia. The location serves surrounding residential neighborhoods and the broader Ashland–Huntington market and is strategically situated with access to U.S. Route 60, U.S. Route 23, and Interstate 64, providing efficient connectivity throughout the region. Ashland is located along the Ohio River approximately 15 miles east of Huntington, West Virginia, and 125 miles northeast of Lexington, Kentucky.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,520 SF
Building Class
C
Year Built/Renovated
2003/2013
Price
$2,533,147 CAD
Price Per SF
$719.64 CAD
Cap Rate
6.25%
NOI
$158,322 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.36 AC
Zoning
COMMERCIAL - Commercial zoning
Parking
45 Spaces (12.78 Spaces per 1,000 SF Leased)
Frontage
55’ on 13th St

Amenities

  • Pylon Sign
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • $44.19 CAD
  • Triple Net
  • Jun 2031

International Dairy Queen Inc., (IDQ), headquartered 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 many DQ restaurants in many 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 - $44.19 CAD Triple Net Jun 2031

Nearby Major Retailers

Tim Hortons
the Human Bean

Property Taxes

Property Taxes

Parcel Number
023-05-12-001.00
Land Assessment
$309,294 CAD
Improvements Assessment
$2,279,153 CAD
Total Assessment
$2,588,447 CAD
  • Listing ID: 39254774

  • Date on Market: 2024-10-07

  • Last Updated:

  • Address: 3300 13th St, Ashland, KY 41102

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