Dairy Queen for Sale in Corpus Christi, TX
Corpus Christi, TX
Key Investment Metrics
Price
$1,703,000
Cap Rate
5.5%
Net Operating Income
$93,654
Building Size
1994 SF
Land Area
0.63 Acres
Remaining Term
15.6 years
Lease Expiration
02/28/2042
Lease Term
20 years
Lease Commencement
02/18/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1994
Occupancy
100%
Tenancy
Single
Rent Increases
1% annual rental increases throughout the initial term and options thereafter
Property overview
Dairy Queen in Corpus Christi
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 1,994 SF
- Land area
- 0.63 acres
- Year built
- 1994
- Lease type
- Absolute NNN
- Lease expiration
- 02/28/2042
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.