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Dairy Queen Grill & Chill 1222 S Shannon St 2,276 SF Retail Building Van Wert, OH 45891 $1,583,000 ($695.52/SF) 6% Cap Rate

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Investment Highlights

Operating History & Site Commitment
Capital Improvements
Zero Landlord Responsibilities

Long Term Lease
Attractive Rent Increases
Strategic Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Dairy Queen located at 1222 South Shannon Street in Van Wert, OH (the “Property”). Dairy Queen has a long operating history at the Property, opening in 1991, and has executed multiple lease extensions demonstrating their commitment to the site and market. In 2023, Dairy Queen executed a long-term, 20-year lease extension in addition to building renovations, and the Absolute NNN Lease currently has over 17 years of term remaining. Dairy Queen is positioned along South Shannon Street, one of Van Wert’s primary commercial corridors, offering excellent visibility, prominent signage, and convenient access with ample on-site parking. The Property benefits from steady traffic generated by nearby retailers and restaurants, notably two grocery- anchored centers featuring Ruler Foods (directly adjacent) and Chief Supermarket (across the street), as well as residential neighborhoods surrounding Downtown Van Wert, just over a mile away. The site is further supported by proximity to OhioHealth Van Wert Hospital, 1.5 miles away, Van Wert’s Public Schools, 0.5 miles away, and a large manufacturing facility for Greif, Inc, just under a mile away. The Property offers easy access to US Routes 127, 30, and 224, allowing for broader regional transportation. Van Wert is located approximately 35 miles southeast of Fort Wayne, Indiana, and 95 miles southwest of Toledo, Ohio, providing access to larger regional employment, retail, and consumer markets.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,276 SF

Building Class

Year Built/Renovated

1970/1985

Price

$1,583,000

Price Per SF

$695.52

Cap Rate

NOI

$95,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.11 AC

Zoning

C - Commercial

Frontage

266’ on South Shannon Street

Air Conditioning

Major Tenants

Accommodation and Food Services
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-
Triple Net
Sep 2043

Dairy Queen is a quick-service restaurant brand specializing in soft-serve frozen desserts and a complementary hot-food menu. The company was founded in 1940, following the development of a soft-serve ice cream formula by John Fremont McCullough and Alex McCullough, with the first store opening in Joliet, Illinois. Over time, the brand expanded through a franchise-based model and introduced signature menu items such as the Blizzard treat, which became a defining product category for the system. In 1962, the organization was formally structured as International Dairy Queen, which oversees brand development, franchising, and system support. In 1998, International Dairy Queen was acquired by Berkshire Hathaway, and the company has since operated as a privately held subsidiary of the conglomerate. The brand has continued to evolve through menu diversification, international market entry, and store design updates.