Dairy Queen

320 Pacific Avenue South, Monmouth, OR 97361

$2,325,000

Cap Rate 5.81%

Views: 20 DOM: 61 Updated: 04.25.24 Posted: 03.17.24 Status: Active

Summary

Price $2,325,000	Built/Renov 1975	Tenant Dairy Queen
Cap Rate 5.81%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,302	Lease Start 04-10-2020	#Units 5,029
Price/SF $1,009.99	Expiration 04-30-2040	Tenant Type Fast Food/QSR
NOI $135,000	R. Term 15.11	Ownership Fee Simple
Rent/SF $58.64	Increases 10.0%/1/yrs	Pop 5Mi 23,987
Lot/AC 0.44	Options 2/10yrs/10%	AHHI 5Mi $86,941

Lease Highlights

Dairy Queen has 16 years remaining on the current lease term with 2 (10-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dairy Queen is strategically located at the signalized, hard corner intersection of Pacific Avenue South and Madrona Street East, with access to a combined daily traffic count of 22,200 vehicles. Nearby retailers include Walgreens, Tractor Supply Co., Grocery Outlet, 7-Eleven, Circle K, McDonald’s, and more. Additionally, the property is within a mile from Western Oregon University which has...

...

Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Affluent AHHI $100K 5 Mi
Major MSA
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant

...

Links

Dairy Queen Wikipedia Dairy Queen Wikipedia Monmouth, Oregon Zip Code 97361 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dairy Queen
Guarantor:Corp T and Rated
Company:Berkshire Hathaway, Inc.
# Units:5,029
Tenant S&P: AA
Moody’s: Aa2
Stock: NYSE: BRK.A

About Tenant

Dairy Queen is an American chain of soft-serve ice cream and fast-food restaurants. Dairy Queen opened its first store in 1940 in Joliet, IL, and was considered a fixture of social life in small...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,546	23,567	25,078
2023 Total Population :	11,190	22,650	24,095
2023 Employed Civilian Pop :	5,453	11,117	11,759
2023 Total Businesses :	228	466	502
2023 Average Household Income :	$ 80,024	$ 83,599	$ 87,250
2023 Total Consumer Spending :	$ 258 M	$ 555 M	$ 618 M
2023 Median Age :	30	30	31
2023 Total Households :	3,692	7,613	8,127
2023 Pop Age 25+: Bachelor's Degree :	1,198	2,144	2,447
2023 Average Home Value :	$ 355,111	$ 366,066	$ 385,867

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Madrona Street East		2018	2,870	0.05 mi
Clay Street East		2018	3,620	0.14 mi
Pacific Avenue South	Clay St E	2020	11,705	0.14 mi
Pacific Avenue South	Clay St E	2021	13,250	0.14 mi
Main Street East	Knox St N	2021	7,977	0.16 mi
Main Street East	Catron St S	2020	7,464	0.16 mi
East Main Street		2018	8,600	0.18 mi
Pacific Avenue North	Pacific Hwy W	2021	13,583	0.18 mi
Pacific Avenue North	Main St E	2020	11,999	0.18 mi
Main Street East	High St N	2020	8,631	0.19 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7457 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6873 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT