DQ Grill & Chill

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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Parent Company: Berkshire Hathaway
Store Count: 6,400
S&P Rating: N/R
Moody Rating: N/R

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 Company Profile

Headquarters Information

Edina, Minnesota

Founded in 1940

Company type: Public

Parent Company: Berkshire Hathaway

Sector: Services

Industry: Restaurant

# of Employees: 2,362

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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