two - dairy queen’s (business + real estate)...the founders of the dairy queen® system were men...

Two - Dairy Queen’s (Business + Real Estate)Gastonia, North Carolina (Charlotte MSA)

Offering Memorandum*Actual Photo

Kum & Go – Grinnell, IA

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MARKET OVERVIEW

Confidentiality Agreement & Disclaimer

The Offering Memorandum contains select information pertaining to the business and affairs of Dairy Queen (“property”). It has been prepared by Prime NetLease. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in thisOffering Memorandum is confidential and furnished solely for the purpose of review by a prospective purchaser of the Property. It is not to be used for any otherpurpose or made available to any other person without the written consent of Seller or Prime Net Lease. The material is based in part upon information supplied bythe Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their offices, employees, or agents makes any representationor warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall beimplied with respect thereto Prospective purchasers should make their own projections and form their own conclusions without reliance upon the materialcontained herein and conduct their own due diligence.

Owner and Prime Net Lease expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property andto terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until writtenagreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to purse negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge allmaterials relating to this Property including this Offer Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to the prospective transaction, the Property, or information provided herein or in connection withthe sale of the Property shall be limited to those expressly provided in an executive Purchase Agreement and shall be subject to the terms thereof. In no eventshall a prospective purchaser have any other claims against Seller or Prime Net Lease or any of their affiliates or any of their respective officers, Directors,shareholders, owners, employees, or agents for any damages, liability , or cause of action relating to this solicitation process or the marketing or sale of theProperty.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in thestate of affairs of the Property since the date this Offering Memorandum.

BY ACCEPTING THIS CONFIDENTIAL OFFERING MEMORANDUM, YOU AGREE TO RELEASE PRIME NET LEASE AND HOLD IT HARMLESS FROM ANY KIND OFCLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF THIS NET LEASED PROPERTY.

Dairy Queen – Gastonia, NC (Charlotte MSA)

TABLE OF CONTENTS

SECTION


P R E S E N T E D B Y

Michael MatusikVice PresidentDirect | 714.874.4004Fax | [email protected]: CA 01888322www.primenetlease.com

Paul R MatusikPresidentDirect | 714.875.2400Fax | [email protected]: CA 01351021www.primenetlease.com

In Association with: Bang Realty- North Carolina, Inc RE#298998

INVESTMENT OVERVIEW 01Property Overview

Regional Map

Local Map

FUSE District

DAIRY QUEEN – UNION RD 02Property Summary

Photos

Aerial Map

DAIRY QUEEN – FRANKLIN BLVD 03Property Summary

Photos

Aerial Map

FINANCIAL DATA 04P&L’s

MARKET OVERVIEW 05Market Overview

Demographics


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INVESTMENT

OVERVIEW



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OFFERING SUMMARY

PRICING INFORMATION

Offering Price $1,795,000

Building Square Feet 3,703

Price Per Square Foot $484.74

Total Land Area 2.18 Acres

Ownership Type Business + Real Estate

LOCATION

3128 Union Rd, Gastonia, NC 28056

904 East Franklin, Blvd, Gastonia, NC 28054



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INVESTMENT HIGHLIGHTS

LOW FEE FRANCHISE CONTRACTUPSIDE POTENTIAL

Both Dairy Queen have favorable low fee Franchise Contracts. These contract will be

transferred to the new owner.

Both Dairy Queen are superbly located along major thoroughfares with high traffic counts.

Union Rd (22,000 VPD) & Franklin Blvd (20,000 VPD)

A new operator could potentially increase income by adjusting operating methods.

EXCELLENT LOCATIONS

FUSE DISTRICT DEVELOPMENT CHARLOTTE, NC MSA HIGHLY POPULATED AREA

The FUSE District is multi-use facility that will host sporting events, festivals and

concerts year-round. FUSE is more than a baseball stadium. It connects prime

properties associated with Gastonia’s heritage to exciting new uses essential for

the city’s future. Broke ground in 2019

The properties are located just 15 miles from downtown Charlotte, the most

populated city in the state of North Carolina, with over 2.5 Million residents in it

Metropolitan Area.

Highly populated area with over almost 100,000 residents withing a 5-mile radius of

the subject properties.



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PROPERTY OVERVIEW

TENANT

About Dairy QueenDairy Queen, often abbreviated DQ, is a chain of soft serve ice cream and fast food restaurants owned by International Dairy Queen, Inc, a subsidiary ofBerkshire Hathaway. Franchise Times estimates DQ sales worldwide at more than $3 billion, ranking it the 32nd largest franchise chain of the Top 200Franchise Chains list.

HistoryThe first DQ® restaurant was located in Joliet, Illinois. It was operated by Sherb Noble and opened for business on June 22, 1940. The first Canadian DQ®store opened in Estevan, Saskatchewan in 1953. For additional information regarding the history of the Dairy Queen® system, click on the “About Us” link atthe bottom of this web page.

The founders of the Dairy Queen® system were men and women who introduced a new kind of dessert treat and, in the process, developed the foundationof the franchising industry. The history of the DQ® system is a story of a unique product that created an industry. The DQ Grill & Chill concept blends thebest of DQ® iconic history with the most modern innovations in the quick-service restaurant (QSR) industry. The food menu features the quarter- and half-pound GrillBurger TM made-to-order, as well as other delicious and unique food items, including deli-style Iron Grilled Sandwiches. Other menu offeringsinclude Grilled or Crispy Chicken Sandwiches and Salads; Chicken Strip Baskets; Shrimp Baskets; Quesadillas and Chili Cheese Dogs.

American Dairy Queen Corporation (ADQ), which is headquartered in Minneapolis, Minnesota, develops, licenses and services a system of more than 6,700Dairy Queen® stores in the United States, Canada and 21 other countries. (ADQ is part of the Berkshire Hathaway family, a company owned by WarrenBuffett, the legendary investor and CEO of Berkshire Hathaway).

Website: www.dairyqueen.com

Founded: 1940

Number of Locations: 6,700 ±

Number of Employ 10,000 ±

Headquarters: Minneapolis, MN

Ownership: Berkshire Hathaway


http://www.dairyqueen.com/


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REGIONAL MAP



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LOCAL MAP



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FUSE DISTRICT


FUSE is the Franklin Urban Sports and Entertainment District.

It is located on Franklin Boulevard (U.S. 74) in Gastonia, linking the center city to the historic Loray Mill area. Expected to open in

the late Spring or early Summer of 2021.

At the heart of FUSE is the multi-use facility that will host sporting events, festivals and concerts year-round. FUSE is more than a

baseball stadium. It connects prime properties associated with Gastonia’s heritage to exciting new uses essential for the city’s

future. It connects neighbors with neighbors.

FUSE provides opportunities for new residential and commercial development. It connects the public and private sectors in an

exciting new way. It brings vitality and energy to Gastonia.

CLICK HERE FOR MORE INFORMATION ON FUSE DISTRICT

https://static1.squarespace.com/static/5bd70078348cd927a520d806/t/5d94b05c305d4917a6329827/1570025573106/Rotary+Club+Presentation+09+19+2019.pdf

https://www.fusegastonianc.com/


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DAIRY QUEEN

3128 Union RdGastonia, NC 28056



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PROPERTY OVERVIEW

PROPERTY OVERVIEW

PRICE: $750,000 Asset Sale Includes: Real Estate, Business Operation & Business Property

This offering affords a prospective buyer theopportunity to own and operate the Dairy Queen Grill nChill Franchise in Gastonia, North Carolina. It can bepurchased for as little as 10% down using SBA financingfor qualified Buyers . First time franchisees shall need tobe approved by Dairy Queen, while existingFranchisees do not. Upon purchase, the Franchisee mayrecoup their initial investment through a sale-leasebackof the real estate.

This Dairy Queen is located in Gastonia, North Carolinajust 15 miles from city of Charlotte. It is along a majorthoroughfare in a densely populated area. The saleincludes all business operations, equipment and realestate. This Dairy Queen has a favorable Dairy Queencontract, and has upside potential in sales, throughimplementing a new operating model and marketing.

LEASE ABSTRACT

Tenant: Dairy Queen

Type of Ownership: Business + Real Estate

No. of Tenant Locations: 6,700+

PROPERTY INFORMATION

Address3128 Union Rd, Gastonia, NC 28056

Land Use Commercial Restaurant

Zoning Fast Food

Year Built /Remodeled 2003

Rentable Square Feet 3,023

Land Area 1.77 Acres

Operation Year Round

PROPERTY HIGHLIGHTS

Limited Competition in the Area

Favorable Dairy Queen Contract

Strategically located next to Robinson Elementary

School

Perfect for First time or Seasoned Franchisee

Just 15 Miles from Downtown Charlotte, NC

Excellent Visibility and Location along Union Rd

ABOUT THE INVESTMENT

Dairy Queen – Union Rd


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PHOTOS


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AERIAL MAPAERIAL PHOTO


Robinson Elementary School


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DAIRY QUEEN

904 East Franklin BlvdGastonia, NC 28054



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PROPERTY OVERVIEW

PROPERTY OVERVIEW

PRICE: $750,000 Asset Sale Includes: Real Estate, Business Operation & Business Property

This offering affords a prospective buyer theopportunity to own and operate the Dairy Queen Grill nChill Franchise in Gastonia, North Carolina. It can bepurchased for as little as 10% down using SBA financingfor qualified Buyers . First time franchisees shall need tobe approved by Dairy Queen, while existingFranchisees do not. Upon purchase, the Franchisee mayrecoup their initial investment through a sale-leasebackof the real estate.

This Dairy Queen is located in Gastonia, North Carolinajust 1.5 miles from the new Fuse Project. This location isonly open from 2-9pm seasonally, serves only ice creamand does not open when it rains.It is along a majorthoroughfare in a densely populated area. The saleincludes all business operations, equipment and realestate. This Dairy Queen has a favorable Dairy Queencontract, and has upside potential in sales, throughimplementing a new operating model and marketing.

LEASE ABSTRACT

Tenant: Dairy Queen

Type of Ownership: Fee Simple

No. of Tenant Locations: 6,700+

PROPERTY INFORMATION

Address904 E Franklin BlvdGastonia, NC 28054

Land Use Commercial Restaurant

Zoning Fast Food

Year Built /Remodeled 1950 / 1970

Rentable Square Feet 680

Land Area 0.41 Acres

Operation Seasonal

PROPERTY HIGHLIGHTS

Significant upside potential in sales

Favorable Dairy Queen Contract

Located a few blocks from the FUSE District

Perfect for First time or Seasoned Franchisee

Just 15 Miles from Downtown Charlotte, NC

Excellent Visibility and Location along Franklin Blvd

ABOUT THE INVESTMENT

Dairy Queen – Franklin Blvd


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PHOTOS

Dairy Queen – Franklin Blvd

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AERIAL MAPAERIAL PHOTO

Dairy Queen – Franklin Rd

First Wesleyan Christian School


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FINANCIAL

DATA



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FINANCIAL DATAFINANCIAL DATA

Financial Statements and other information regarding operations is available by request only.

Seller requires a signed Confidentiality Agreement (“NDA”) in order to release said information.

Please email [email protected] to obtain a NDA.


mailto:[email protected]

MARKET

OVERVIEW


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MARKET OVERVIEW



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$0 - $35K51%

$35K-$75K33%

$75K-$100K7%

$100K+9%

HOUSEHOLD INCOME65+12%

50 - 6422%

40 - 4912%

30 - 3914%

20 - 2913%

0 - 1927%

AGE DISTRIBUTION

$57,375Average

37.7Average

1 MILE 3 MILE 5 MILE

Total Population 7,107 51,746 99,107

2010 Population 7,108 33,684 83,935

2024 Population 7,584 36,599 93,156

Employees 1,281 6,130 28,784

Total Businesses 146 728 3,030

Average Household Income $80,067 $91,738 $91,215

Median Household Income $35,292 $41,388 $37,656

Total Consumer Spending $73.61M $380.29M $954.5M

Median Age 42 40 40

Households 2,738 20,109 37,656

Percent College Degree or Above 23.1% 27.5% 29.8%

Average Housing Unit Value $172,486 $217,852 $217,328

DEMOGRAPHICS


P R E S E N T E D B Y

Michael MatusikVice PresidentDirect | 714.874.4004Fax | [email protected]: CA 01888322www.primenetlease.com

Paul R MatusikPresidentDirect | 714.875.2400Fax | [email protected]: CA 01351021www.primenetlease.com

In Association with: Bang Realty- North Carolina, Inc RE#298998

two - dairy queen’s (business + real estate)...the founders of the dairy queen® system were men...

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