3226 Brandon Ave SW
Roanoke, VA 24018
Dairy Queen Grill & Chill · Retail Property For Sale

This Dairy Queen Grill & Chill store is strategically located on U.S. Highway 11 a/k/a Brandon Avenue, a major traffic artery which connects Downtown Roanoke, VA & Interstate Hwy. 581 to the east and Downtown Salem, VA & Interstate Hwy. 81 to the west. In addition the property is surrounded by a strong demographic mix of major medical centers, multifamily and single family residential subdivisions, industrial parks and retail users. Substantial remodeling and upgrades at a cost of approximately $400,000 were spent on this property in 2017. This investment opportunity includes not only the Absolute NNN rental income generated by the Dairy Queen Grill & Chill store, but also the net rental income generated from the adjacent commercial property (“Adjacent Property”). This Adjacent Rental Property can be owned with minimal landlord responsibilities by utilizing an experienced local management company. Additionally, this investment opportunity includes the option to purchase an ongoing and successful business as a Franchisee of the Dairy Queen concept. The strategy of the owner is to coordinate the sale of the entire real property with the sale of the franchised store operations for the total price of $2,350,000. Although there is no obligation to purchase the franchised store operations, any sale of the real property, separately, will be contingent upon the owner selling the business to another Franchisee (the “Tenant”) whom will be financially and operationally qualified by the Franchisor. Accordingly in the event the property is purchased separately, then at Closing, the Tenant (successor Franchisee) will deliver the new Absolute NNN lease, providing for an initial term of 15 Years, with Six 5-Year Options, containing 10% Rental Bumps every Five Years of the entire Lease and as further described by this Offering Memorandum.