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Dairy Queen - 11 James P Kelly Way, Middletown, NY

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,617,000

  • 1,900

  • 5.75%

  • NOI :

  • Acres :

  • $93,000

  • 0.84

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • Absolute triple net lease (NNN)
  • Zero landlord responsibility
  • Rent escalations – 10% increase every 5 years
  • Established sales history since 2013
  • Strong annual sales over $1.2 million 
  • Attractive 7.5% rent-to-sale ratio
  • 2013 construction with drive-thru
  • Store "refresh" update scheduled for 2023
  • Pandemic resilient global quick-service brand
  • Highly visible digital pylon 
  • Local developments:  new Dunkin' store and hotel under construction 
  • 500-unit apartment complex directly adjacent to property
  • Close-proximity to I-84 and Legoland
  • High traffic volume: located near signalized intersection with over 40,000 vehicles per day 
  • Shared ingress/egress with Quick Check

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