The Net Leased Investment Group for Coldwell Banker Commercial is pleased to offer for sale Dairy Queen in Denver City, Texas. Operated by Vasari, LLC, this Dairy Queen is part of Vasari's 70+ units in operation. Vasari is the 2nd largest DQ franchisee in the United States and the largest in Texas. There are 9 years remaining in the primary 20-year lease term. The lease is Absolute NNN with the tenant directly responsible for all operating expenses including property taxes, common area maintenance and property insurance. A significant feature of the lease are the 5% and the 10% rent increases throughout the primary lease term and lease options. This subject property is near retailers such as McDonald's, Dollar General, Pizza Hut and Sonic, and the local high school is situated in close proximity to Dairy Queen. This property has been renovated in 2003. This Dairy Queen has a large parking lot providing the ability to serve customers on a large scale. Denver City, Texas is located in the southwest corner of the Texas Panhandle, Denver City was founded in 1935 as the last west Texas town created solely on the discovery of oil. Although the oil industry plays a major role in our economy, Yoakum County and the surrounding region is also a major agricultural area. Denver City is a friendly community of approximately 4,500 people, with great schools, strong churches and outstanding medical facilities.
|Building Size:||1,500 SF|