|Gross Leasable Area (GLA)||7,601|
|Price Per Square Foot (GLA)||$ 497|
|Lot Size||1.84 Acres|
Marcus & Millichap is pleased to have sold one of America’s top brands and fast food chain restaurants Dairy
Queen and BP Gasoline. This desirable Dairy Queen – BP Unit franchise is located in Cordova, Tennessee (Memphis MSA). The property is positioned on a signalized hard corner the property has excellent visibility and curb appeal. Located on one of the city’s main thoroughfares with excellent traffic counts and demographics. This location has very little direct fast food or fuel competition and excellent sales.
The Dairy Queen is owned and operated by a strong, proven multi unit operator. Offering the property as an attractive sale leaseback investment as they continue to grow and focus on operations. The property sold for $3,777,000 which is a 6.88% Cap with 10% rent increases every five years.