Dairy Queen | Abs NNN Lease | 14+ Years Remaining

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase an absolute NNN leased Dairy Queen QSR drive-thru investment in Prairieville, LA. The tenant is MMPR Group, a 33-unit operator with locations in CA, AZ, NV, ID, LA, and IN. Dairy Queen Corporation is a subsidiary of Warren Buffett’s Berkshire Hathaway, Inc. (NYSE: BRK.A), and has an investment-grade credit rating from S&P of “AA” (Moody’s: Aa2). With approximately 14.7 lease years remaining in the primary term, four 5-year option periods, rental increases every 5 years, and zero landlord responsibilities, this asset is ideal for an investor seeking years of passive cash flows.

The 3,128-SF building (2018 construction) with drive-thru on a 0.68-acre parcel is located on the hard corner signalized intersection of Old Jefferson Hwy (18,100 VPD) and C Braud Road and is adjacent to Interstate 10, which sees over 104,000 VPD. Nearby retailers include McDonald’s, Starbucks, Popeyes, Sonic, Burger King, Walgreens, Circle K, O’Reilly Auto Parts, Family Dollar, and Alexander’s Harvest Market.

This is a great opportunity to acquire an absolute NNN-leased QSR drive-thru asset in the Baton Rouge/New Orleans area with a long-term lease and no landlord responsibilities.

Available