Feb 22, 2016

Coldwell Banker Commercial Capital Advisors Retained to Exclusively List Dairy Queen Portfolio

Coldwell Banker Commercial Capital Advisors has been retained to exclusively list a portfolio of seven Dairy Queen Restaurants located across East Texas in Hemphill, Huffman, Lufkin, San Augustine, Cleveland and Waskom. Operated by Vasari, LLC, these seven Dairy Queens are part of Vasari's 70+ units in operation. Vasari is the 2nd largest DQ franchisee in the United States and the largest in Texas. This portfolio offers an investor long-term net leased assets where each unit has been recently renovated and under a new long-term NNN lease with annual rent increases.

All 7 units are encompassed under one master lease with the ability to spin off assets on an individual basis, prices for each individual property range from $612,917 to $1,257,956. There are 19 years remaining in the primary 20 year lease term. The lease is Absolute NNN with the tenant directly responsible for all operating expenses including property taxes, common area maintenance and property insurance. A significant feature of the lease is the 1.5% annual rent increases throughout the primary lease term and lease options.