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Dairy Queen | 15yrs NNN | 18% Sales Growth 3606 Ayers St 1,994 SF Retail Building Corpus Christi, TX 78415 $1,703,000 ($854.06/SF) 5.50% Cap Rate
Investment Highlights
- 15+ Years Remaining | Annual Rental Increases | Strong Sales Brand
- Along Ayers St (14,850 VPD) | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
Executive Summary
• The tenant currently has 15+ years remaining on their initial lease with 5 (5- year) options to extend, demonstrating their commitment to the site
• The lease features 1% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Tenant’s sales have increased over 18% since 2024 and operated at a sub-8% rent-to-sales ratio in 2025
• DQ develops, licenses, and services a system of more than 7,800 DQ restaurants in more than 20 countries
• The lease features 1% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Tenant’s sales have increased over 18% since 2024 and operated at a sub-8% rent-to-sales ratio in 2025
• DQ develops, licenses, and services a system of more than 7,800 DQ restaurants in more than 20 countries
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
1,994 SF
Building Class
B
Year Built
1994
Price
$1,703,000
Price Per SF
$854.06
Cap Rate
5.50%
NOI
$93,654
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
CN-1 - Neighborhood Commercial
Parking
19 Spaces (9.53 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Management of Companies and Enterprises
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Dairy Queen began in 1940 with the first restaurant in Joliet, Illinois, and the brand grew from a soft-serve dessert concept into a broader quick-service restaurant system. The company develops, licenses, and services restaurants that serve frozen treats alongside hot food items such as burgers, chicken, and other menu offerings. Dairy Queen's business includes franchising, mobile ordering, and seasonal product launches that support its restaurant network. The brand maintains a broad presence across multiple markets through a system of restaurants in numerous countries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Management of Companies and Enterprises | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 283723 | Improvements Assessment | $163,114 |
| Land Assessment | $82,650 | Total Assessment | $245,764 |
Property Taxes
Parcel Number
283723
Land Assessment
$82,650
Improvements Assessment
$163,114
Total Assessment
$245,764
Contacts
-
Cortland Lioi -
Gary Chou -
Calvin Short -
Aron Cline -
Matt Coates -
SRS National Net Lease
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