DQ Grill & Chill
Baskersfield, CA
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. The first DQ restaurant was located in Joliet, Illinois. It was operated by Sherb Noble and opened for business on June 22, 1940. It served a variety of frozen products, such as soft serve ice cream. The company’s corporate offices are located in the Minneapolis suburb of Edina, Minnesota.
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Tenant Overview
Most DQ locations are franchised, although there are also corporate leases. Additional attention must be given to the operator, including taking into consideration the number of locations, financial strength, and operational history.
The DQ Grill & Chill® concept is the company’s flagship concept that was announced in 2002, and has experienced good success. Designed to strike the perfect balance between yesterday and today, the new restaurants caters to guests of all ages.
Positives:
- Nationwide presence with high brand recognition
- Footprint allows for adaptive reuse
- Typically Long term leases with increases
Negatives:
- Consumers are showing a growing interest in healthy fast food.
- Competitive Industry Sector
- Susceptible to economic trends and pressures
Market Snapshots:
On Market Ranges:
# of Properties in set: 4
Price: $1,075,680 - $1,373,760Average: $1,296,000
PPSF: $450 - $600Average: $540
Year Built: 1994 - 2017Average: 2003
CAP Rate Range: 5.17% - 6.04%Average: 5.75%
Size range: 1,649 sq ft - 3,267 sq ft Average: 2,376 sq ft
Last 12 Month Range:
# of Properties in set: 1
Price: $2,112,000 - $2,112,000Average: $2,112,000
PPSF: $799 - $799Average: $799
Year Built: 2015 - 2015Average: 2015
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: 2,642 sq ft - 2,642 sq ft Average: 2,642 sq ft
DQ Grill & Chill Similar Tenants
DQ Grill & Chill Company Profile
Headquarters Information
Edina, Minnesota
Founded in 1940
Company type: Public
Parent Company: Berkshire Hathaway
Sector: Services
Industry: Restaurant
# of Employees: 2,362