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Dairy Queen Properties For Sale

    



Interested in Dairy Queen Property for Investment?

 

If you wish to purchase a Dairy Queen  property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of NNN lease Daiy Queen properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

Dairy Queen

 

 
Price: 

$1M - $3M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%

     

Name  Dairy Queen
Type 
Wholly owned subsidiary
Industry Restaurant
Genre Fast food
Founded June 22, 1940
Joliet, Illinois,U.S.
Founder John Fremont McCullough [1]
Headquarters Edina, Minnesota,U.S.
Number of locations 
4,800 (US Domestic, 2014)[2]
Area served 
Global
Key people 
Warren Buffett
Clayton Lundine
John Gainor(CEO)
Troy Bader(COO)
Mark Vinton(CFO)
Barry Westrum(EVP Marketing)
Revenue US$2.5billion (2008)[3]
Number of employees 
20,362 (2008)
Parent Berkshire Hathaway
Subsidiaries Orange Julius
Karmelkorn
Slogan Fan Food, Not Fast Food
Website http://www.dairyqueen.com/us-en/
 

  

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 . It also owns Orange Julius and Karmelkorn .[5]The first restaurant was located in Joliet, Illinois. It was operated by Sherb Noble and opened for business on June 22, 1940.[6]It serves a variety of frozen products, such as soft serve ice cream.[7]The company's corporate offices are located in the Minneapolis suburb of Edina, Minnesota .[8][9]  

 

The soft-serve formula was first developed in 1938 by John Fremont (J.F.) "Grandpa" McCullough (1871  1963), and his son Alex. They convinced friend and loyal customer Sherb Noble to offer the product in his ice cream store in Kankakee, Illinois.[10]On the first day of sales, Noble dished out more than 1,600 servings of the new dessert within two hours.[11]Noble and the McCulloughs went on to open the first Dairy Queen store in 1940 in Joliet, Illinois. While this Dairy Queen has not been in operation since the 1950s, the building still stands at 501 N Chicago St. as a city-designated landmark.[12]Since 1940, the chain has used a franchise system to expand its operations globally. The state with the most Dairy Queen restaurants is Texas. The Texas Dairy Queen Operators' Council facilitates marketing and the food system in Texas. Dairy Queen International is the parent company of Dairy Queen. In the United States, it operates under American Dairy Queen.[13][14]IDQ is a wholly owned subsidiary of Berkshire Hathaway. At the end of its fiscal year 2014, Dairy Queen reported over 6,400 stores in more than 25 countries; about 4,500 of its stores (approximately 70%) were located in the United States.[13][14][15] 

DQ was an early pioneer of food franchising, expanding its 10 stores in 1941 to 100 by 1947, 1,446 in 1950, and 2,600 in 1955. The first store in Canada opened in Melville, Saskatchewan, in 1953.[16]The red Dairy Queen symbol was introduced in 1959. The company became International Dairy Queen, Inc. (IDQ) in 1962. In 1987, IDQ bought the Orange Juliuschain. IDQ was acquired by Berkshire Hathawayin 1998. Dairy Queens were a fixture of social life in small towns of the Midwestern and Southern United States during the 1950s and 1960s. In that role, they have often come to be referenced as a symbol of life in small-town America, as inWalter Benjamin at the Dairy Queen: Reflections at Sixty and Beyondby Larry McMurtry, Dairy Queen Daysby Robert Inman, andChevrolet Summers, Dairy Queen Nightsby Bob Greene

In 2012, all Dairy Queen stores began selling Orange Julius drinks.

 

Dairy Queen For Sale Across the United States
 

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