Two - Dairy Queen's (Business + Real Estate) - Gastonia, North Carolina (Charlotte MSA) - LoopNet
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Two - Dairy Queen’s (Business + Real Estate)
Gastonia, North Carolina (Charlotte MSA)
Offering Memorandum
*Actual Photo
DairyKum
Queen
& Go –– Gastonia,
Grinnell, IA NC (Charlotte MSA)
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 Net
Lease. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this
Offering 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 other
purpose 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 by
the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their offices, employees, or agents makes any representation
or 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 be
implied with respect thereto Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material
contained 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 and
to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until written
agreement 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 all
materials 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 with
the 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 event
shall 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 the
Property.
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 the
state 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 OF
CLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF THIS NET LEASED PROPERTY.
2
Dairy Queen – Gastonia, NC (Charlotte MSA)
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01
Property Overview
Regional Map
Local Map
FUSE District
DAIRY QUEEN – UNION RD 02
PRESENTED BY Property Summary
Photos
Aerial Map
Michael Matusik
Vice President DAIRY QUEEN – FRANKLIN BLVD 03
Direct | 714.874.4004 Property Summary
Fax | 717.797.0004 Photos
mmatusik@primenetlease.com Aerial Map
License: CA 01888322
www.primenetlease.com FINANCIAL DATA 04
P&L’s
MARKET OVERVIEW 05
Paul R Matusik Market Overview
President Demographics
Direct | 714.875.2400
Fax | 717.797.0004
pmatusik@primenetlease.com
License: CA 01351021
www.primenetlease.com
In Association with: Bang Realty- North Carolina, Inc RE#298998
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
INVESTMENT
OVERVIEW
4
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
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
5
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
INVESTMENT HIGHLIGHTS
UPSIDE POTENTIAL LOW FEE FRANCHISE CONTRACT EXCELLENT LOCATIONS
A new operator could potentially increase Both Dairy Queen have favorable low fee Both Dairy Queen are superbly located along
income by adjusting operating methods. Franchise Contracts. These contract will be major thoroughfares with high traffic counts.
transferred to the new owner. Union Rd (22,000 VPD) & Franklin Blvd
(20,000 VPD)
FUSE DISTRICT DEVELOPMENT CHARLOTTE, NC MSA HIGHLY POPULATED AREA
The FUSE District is multi-use facility that The properties are located just 15 miles Highly populated area with over almost
will host sporting events, festivals and from downtown Charlotte, the most 100,000 residents withing a 5-mile radius of
concerts year-round. FUSE is more than a populated city in the state of North Carolina, the subject properties.
baseball stadium. It connects prime with over 2.5 Million residents in it
properties associated with Gastonia’s Metropolitan Area.
heritage to exciting new uses essential for
the city’s future. Broke ground in 2019
6
DairyKum
Queen
& Go –– Gastonia,
Grinnell, IA NC (Charlotte MSA)
PROPERTY OVERVIEW
TENANT
About Dairy Queen
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. Franchise Times estimates DQ sales worldwide at more than $3 billion, ranking it the 32nd largest franchise chain of the Top 200
Franchise Chains list.
History
The 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 at
the 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 foundation
of 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 the
best 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 offerings
include 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 6,700
Dairy Queen® stores in the United States, Canada and 21 other countries. (ADQ is part of the Berkshire Hathaway family, a company owned by Warren
Buffett, 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
7
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
REGIONAL MAP
8
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
LOCAL MAP
9
DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
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
10DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
DAIRY QUEEN
3128 Union Rd
Gastonia, NC 28056
11DairyKum
Queen
& Go –– Union
Grinnell,Rd
IA
PROPERTY OVERVIEW
PROPERTY OVERVIEW
PRICE:THE
ABOUT $750,000
INVESTMENT Asset Sale Includes: Real Estate, Business Operation & Business Property
This offering affords a prospective buyer the LEASE ABSTRACT
opportunity to own and operate the Dairy Queen Grill n
Chill Franchise in Gastonia, North Carolina. It can be Tenant: Dairy Queen
purchased for as little as 10% down using SBA financing
Type of Ownership: Business + Real Estate
for qualified Buyers . First time franchisees shall need to
be approved by Dairy Queen, while existing No. of Tenant Locations: 6,700+
Franchisees do not. Upon purchase, the Franchisee may
recoup their initial investment through a sale-leaseback
of the real estate.
This Dairy Queen is located in Gastonia, North Carolina
just 15 miles from city of Charlotte. It is along a major
thoroughfare in a densely populated area. The sale
includes all business operations, equipment and real
estate. This Dairy Queen has a favorable Dairy Queen
contract, and has upside potential in sales, through
implementing a new operating model and marketing.
PROPERTY INFORMATION
3128 Union Rd,
Address
Gastonia, NC 28056
PROPERTY HIGHLIGHTS
Land Use Commercial Restaurant
Limited Competition in the Area
Zoning Fast Food
Favorable Dairy Queen Contract
Year Built /Remodeled 2003
Strategically located next to Robinson Elementary Rentable Square Feet 3,023
School
Land Area 1.77 Acres
Perfect for First time or Seasoned Franchisee
Operation Year Round
Just 15 Miles from Downtown Charlotte, NC
Excellent Visibility and Location along Union Rd
12DairyKum
Queen
& Go –– Union
Grinnell,Rd
IA
PHOTOS
13Dairy Queen – Union Rd
AERIAL
AERIAL PHOTOMAP
Robinson
Elementary School
14DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
DAIRY QUEEN
904 East Franklin Blvd
Gastonia, NC 28054
15DairyKum
Queen
& Go –– Franklin Blvd
Grinnell, IA
PROPERTY OVERVIEW
PROPERTY OVERVIEW
PRICE:THE
ABOUT $750,000
INVESTMENT Asset Sale Includes: Real Estate, Business Operation & Business Property
This offering affords a prospective buyer the LEASE ABSTRACT
opportunity to own and operate the Dairy Queen Grill n
Chill Franchise in Gastonia, North Carolina. It can be Tenant: Dairy Queen
purchased for as little as 10% down using SBA financing
Type of Ownership: Fee Simple
for qualified Buyers . First time franchisees shall need to
be approved by Dairy Queen, while existing No. of Tenant Locations: 6,700+
Franchisees do not. Upon purchase, the Franchisee may
recoup their initial investment through a sale-leaseback
of the real estate.
This Dairy Queen is located in Gastonia, North Carolina
just 1.5 miles from the new Fuse Project. This location is
only open from 2-9pm seasonally, serves only ice cream
and does not open when it rains.It is along a major
thoroughfare in a densely populated area. The sale
includes all business operations, equipment and real
estate. This Dairy Queen has a favorable Dairy Queen
contract, and has upside potential in sales, through
implementing a new operating model and marketing. PROPERTY INFORMATION
904 E Franklin Blvd
Address
Gastonia, NC 28054
PROPERTY HIGHLIGHTS
Land Use Commercial Restaurant
Significant upside potential in sales
Zoning Fast Food
Favorable Dairy Queen Contract
Year Built /Remodeled 1950 / 1970
Located a few blocks from the FUSE District Rentable Square Feet 680
Perfect for First time or Seasoned Franchisee Land Area 0.41 Acres
Just 15 Miles from Downtown Charlotte, NC Operation Seasonal
Excellent Visibility and Location along Franklin Blvd
16DairyKum
Queen
& Go –– Franklin Blvd
Grinnell, IA
PHOTOS
17Dairy Queen – Franklin Rd
AERIAL
AERIAL PHOTOMAP
First Wesleyan
Christian School
18DairyKum
Queen
& Go –– Gastonia,
Grinnell, IA NC (Charlotte MSA)
FINANCIAL
DATA
19DairyKum
Queen
& Go –– Gastonia,
Grinnell, IA NC (Charlotte MSA)
FINANCIAL DATA
FINANCIAL 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 mmatusik@primenetlease.com to obtain a NDA.
20DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
MARKET
OVERVIEW
21DairyKum
Queen
& Go–– Gastonia,
Grinnell, IA NC (Charlotte MSA)
MARKET OVERVIEW
22DairyKum
Queen Gastonia,
& Go – Grinnell, IA NC (Charlotte MSA)
DEMOGRAPHICS
HOUSEHOLD INCOME AGE DISTRIBUTION
$100K+ 65+
9% 12%
$75K-$100K 0 - 19
7% 27% 50 - 64
$0 - $35K
$57,375 51% 37.7 22%
Average 20 - 29 Average
13%
$35K-$75K
33% 30 - 39 40 - 49
14% 12%
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
23PRESENTED BY Michael Matusik Vice President Direct | 714.874.4004 Fax | 717.797.0004 mmatusik@primenetlease.com License: CA 01888322 www.primenetlease.com Paul R Matusik President Direct | 714.875.2400 Fax | 717.797.0004 pmatusik@primenetlease.com License: CA 01351021 www.primenetlease.com In Association with: Bang Realty- North Carolina, Inc RE#298998
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