Marietta DQ Grill & Chill
StackSource secured a non-recourse loan for the acquisition of a single tenant, net-leased DQ Grill and Chill located in Marietta, GA. The property has approximately 17.5 years left on the original 20-year NNN lease. The lease comes with 10% rent bumps every 5 years and is guaranteed by a local franchisee who owns 4 other Dairy Queen locations. Dairy Queen is a subsidiary of Berkshire Hathaway and has over 6,800 locations. The site was a former Quick Trip gas station and there were environmental issues that had to be remedied prior to closing. StackSource Capital Advisor Andrew Bouton worked with a North Carolina-based lending partner who offered a non-recourse loan with a 3.5% fixed rate, 65% LTV and a 25-year amortization.