Dairy Queen NNN Property For Sale — Grayson, KY
618 N Carol Malone Blvd, Grayson, KY 41143
This Dairy Queen Grill & Chill presents an excellent investment opportunity in Grayson, KY. The property boasts a recently renewed 5-year Absolute NNN lease with one additional 5-year renewal option, ensuring stable income with no landlord responsibilities. The tenant, Frauenshuh Hospitality Group KY/IN, LLC, which operates 72 DQ locations, provides a strong guaranty. This location has a proven track record, operating as a Dairy Queen for 41 years since its original construction in 1977. Strategically situated on Carol Malone Blvd, a primary thoroughfare, the property benefits from high visibility and convenient access to Hwy 60 and I-64, with traffic counts exceeding 15,408 vehicles per day.
- Address: 618 N Carol Malone Blvd, Grayson, KY 41143
- Asking price $1.06M
- 6.25% cap rate
- NOI $66,000
- 5.2 years remaining
- NNN lease
- Year built: 1977
- Building size: 3,020 SF
- Lot size: 0.62 acres
- Lease expiration: Jun 30, 2023
- Rent increases: 07/01/18-06/30/23 $66,000; 07/01/23-06/30/28 $72,600
- Guarantor: Corporate
Location
This Dairy Queen property is at 618 N Carol Malone Blvd in Grayson, Kentucky.
Asset type: Quick Service Restaurant (QSR)