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Description

INVESTMENT OPPORTUNITY! The property has existing Dairy Queen as tenant, they have a 5 year renewal taking the lease term to 2016. Constructed in 1979, the building has been renovated since to reflect the new DQ Grille & Chill. Corner property, excellent visibility and this restaurant serves the trade area. Population within a 3 mile radius is 24,570 per the CCIM Site to Do Business. This is a solid investment opportunity. Current NOI is $60,000 with October 2011 5 year renewal, CAP Rate is 8.89%. Building price details: $675,000.

Property Details

• Type: Retail
• Status: Available
• Year Built: 1979
• Buildings: 1

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