The subject property is a 4,482-square foot single-tenant Dairy Queen in Hillsboro, Texas. The lease has a franchisee guarantee from Vasari LLC, which has over 76 Dairy Queen locations in Texas, Oklahoma, and New Mexico. The absolute-net-lease has 15 years remaining on the term with 10 percent rent increases scheduled every five years. The tenant has four, five-year options for renewal. The building was constructed in 2012 and sits on 0.939 acres.
The subject property is located on Corsicana Highway directly east of Interstate 35, which has traffic counts exceeding 52,000-vehicles per day. The area surrounding the interstate has numerous national and regional tenants, including Subway, Comfort Suites, Dickey’s Barbecue Pit, McDonald’s, IHOP, Starbucks, Quality Inn, Super 8, Whataburger, Chicken Express, 7-Eleven, Anytime Fitness, Dollar Tree, Jack in the Box, Schlotzsky’s, Aaron’s, Tractor Supply, Walmart Supercenter and many more. In addition, the Outlets at Hillsboro shopping center is just north of the property featuring retailers such as Nike, Under Armour, Burke’s Outlet, Gap Factory Store, Polo Ralph Lauren, Levi’s, Haggar Clothing, Payless ShoeSource, Bath & Body Works, and others.
