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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 when John Fremont McCullough created a new soft-serve formula in Illinois. The first store's immediate success led to rapid franchising across America. Today, the company operates through a franchise model offering both frozen desserts and fast food items. While maintaining its signature soft-serve products, the menu expanded to include Blizzard Treats and various grilled food options. Dairy Queen has established a significant international presence through its franchise network.
| 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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