Lease:
Dairy Queen Grill & Chill with 13 years remaining on a twenty-year NNN Lease, with 3 five-year options to renew. 8% rental increases every 5 years.
Business:
Operating in same location since 2002 (renovated in 2013) with a highly attractive 6.78% rent to sales ratio.
Lease Guarantor:
Frauenshuh Hospitality Group of IN/KY LLC with this lease guaranteed by approximately 100 locations.
Franchisee:
Fourteen Foods -- the largest Dairy Queen Franchisee in the U.S., with 243 locations in Kentucky, Alabama, Florida, Indiana, Minnesota, Nebraska, South Dakota, Tennessee, North Carolina and Wisconsin.
Traffic Counts:
High drive-by visibility on 13th Street with 16,019 cars per day
Great Location:
Adjacent to YMCA and Paul Blazer High School
Excellent Demographics:
Total Population within 5 Miles: 57,576
Average Household Income: $59,818