Tenant: DQ Grill & Chill | Gardner, KS Premises: 3,267 SF Renewal Options: 4 x 5 Years
Lease Expiration: 10/31/2037 Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years
Long Term Absolute Triple Net (NNN) Lease with Guarantee from Franchisee
10% Rent Increases Every 5 Years with Four (4) Five (5) Year Options to Renew Lease
Strong Demographics – Average Household Income of $94,333 and a Population of 157,980 Within a 10-Mile Radius
Strategically Located on the Main Thoroughfare in the City of Gardner Near Many Other National Name Brands
Located Right Off E Main Street with High Traffic Counts of 18,475 Vehicles Per Day
The City of Gardner is Under a Major Economic Development Plan Which Was Enacted in 2014 and Will Guide the City in Its Decision Making for the Next 20 Years
Major Developments in the Area Include:
Hampton Inn – 84 Room Hotel Scheduled to Open in 2018
CVS Pharmacy – Scheduled to Open in 2018
Gardner Edgerton High School Expansion
Interstate 35 at 175th Street Project – A 300 Acre Mixed-Use Retail and Industrial Development
In Cooperation with JDS Real Estate Services, Inc. BoR: Jennifer D. Stein– Lic # BR00233844
Dairy Queen, often abbreviated DQ, is a chain of soft serve ice cream and fast-food restaurants owned by International Dairy Queen, Inc., a subsidiary of Berkshire Hathaway. International Dairy Queen, Inc., also owns Orange Julius and Karmelkorn. DQ Grill & Chill locations feature hot food, treats, table delivery and self-serve soft drinks. It is the new concept for new and renovated full-service restaurants. Stores are larger than older-style locations and feature a completely new store design. In most cases, they offer an expanded menu including breakfast, Grill Burgers, and grilled sandwiches, as well as limited table service (customers still place orders at the counter).
Since 1940, the chain has used a franchise system to expand its operations globally. International Dairy Queen, Inc.(IDQ) is the parent company of Dairy Queen. In the United States, it operates under American Dairy Queen Corp. Dairy Queen reported over 6,400 stores in more than 25 countries; about 4,500 of its stores (approximately 70%) were located in the United States. DQ was an early pioneer of food franchising, expanding its 10 stores in 1941 to 100 by 1947, 1,446 in 1950, and 2,600 in 1955. The first store in Canada opened in Climax, Saskatchewan, in 1953.