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DAIRY QUEEN (Business + Real Estate)106 S Canyon Blvd, John Day,
OR 97845
OFFERING MEMORANDUM*Actual Photo
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TABLE OF CONTENTS
INVESTMENT OVERVIEW 01Property Overview
Regional Map
Local Map
Aerial Photo
FINANCIAL DATA 02P&L’s
MARKET OVERVIEW 03Demographics
SECTION
Dairy Queen – John Day, OR
Michael MatusikVice PresidentDirect | 714.874.4004Fax |
[email protected]: CA
01888322www.primenetlease.com
Paul R MatusikPresidentDirect | 714.875.2400Fax |
[email protected]: CA
01351021www.primenetlease.com
P R E S E N T E D B Y
In Association with of David M Demers, a licensed Oregon Broker
(990500125)
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INVESTMENT
OVERVIEW
Dairy Queen – John Day, OR
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
PRICE: $950,000 Asset Sale Includes: Real Estate, Business
Operation & Business Property
This offering affords a prospective buyer theopportunity to own
and operate the Dairy QueenFranchise in John Day, Oregon. It can be
purchased foras little as 10% down using SBA financing. First
timefranchisee shall need to be approved by Dairy Queen,while
existing Franchisees do not. Upon purchase, theFranchisee may
recoup their initial investment through asale-leaseback of the real
estate. This Dairy Queen islocated on a hard corner in the heart of
John Day. It haslittle to no competition locally and is one of only
ahandful of nationwide brands in the area.
LEASE ABSTRACT
Tenant: Dairy Queen
Type of Ownership: Fee Simple
No. of Tenant Locations: 6,700+
PROPERTY INFORMATION
Address106 S Canyon Blvd
John Day, OR 97845
Offering Price $950,000
Price / SF $396.83
Parcel Number 13S3126BA8700
Land Use Commercial Building
Zoning D; Downtown Commercial
Year Built /Remodeled 1990
Rentable Square Feet 2,394
Land Area 0.43 Acres
PROPERTY HIGHLIGHTS
Minimal Competition in Immediate Area
Corner Lot with Excellent Visibility
Located at Major intersection in John Day (15,200 VPD)
SBA Financing Available
Excellent Travel Destination
Open Year-round
Dairy Queen – John Day, OR
ABOUT THE INVESTMENT
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PROPERTY PHOTOSEXTERIOR PHOTOS
Dairy Queen – John Day, OR
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PROPERTY PHOTOSINTERIOR DINING AREA PHOTOS
Dairy Queen – John Day, OR
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PROPERTY PHOTOSKITCHEN PHOTOS
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PROPERTY OVERVIEW
TENANT
About Dairy QueenDairy Queen, often abbreviated DQ, is a chain
of soft serve ice cream and fast food restaurants owned by
International Dairy Queen, Inc, a subsidiary ofBerkshire Hathaway.
Franchise Times estimates DQ sales worldwide at more than $3
billion, ranking it the 32nd largest franchise chain of the Top
200Franchise Chains list.
HistoryThe first DQ® restaurant was located in Joliet, Illinois.
It was operated by Sherb Noble and opened for business on June 22,
1940. The first Canadian DQ®store opened in Estevan, Saskatchewan
in 1953. For additional information regarding the history of the
Dairy Queen® system, click on the “About Us” link atthe bottom of
this web page.
The founders of the Dairy Queen® system were men and women who
introduced a new kind of dessert treat and, in the process,
developed the foundationof the franchising industry. The history of
the DQ® system is a story of a unique product that created an
industry. The DQ Grill & Chill concept blends thebest of DQ®
iconic history with the most modern innovations in the
quick-service restaurant (QSR) industry. The food menu features the
quarter- and half-pound GrillBurger TM made-to-order, as well as
other delicious and unique food items, including deli-style Iron
Grilled Sandwiches. Other menu offeringsinclude Grilled or Crispy
Chicken Sandwiches and Salads; Chicken Strip Baskets; Shrimp
Baskets; Quesadillas and Chili Cheese Dogs.
American Dairy Queen Corporation (ADQ), which is headquartered
in Minneapolis, Minnesota, develops, licenses and services a system
of more than 6,700Dairy Queen® stores in the United States, Canada
and 21 other countries. (ADQ is part of the Berkshire Hathaway
family, a company owned by WarrenBuffett, the legendary investor
and CEO of Berkshire Hathaway).
Website: www.dairyqueen.com
Founded: 1940
Number of Locations: 6,700 ±
Number of Employ 10,000 ±
Headquarters: Minneapolis, MN
Ownership: Berkshire Hathaway
Dairy Queen – John Day, OR
http://www.dairyqueen.com/
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REGIONAL MAP
Dairy Queen – John Day, OR
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LOCAL MAP
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Dairy Queen – Grayson, KY
AERIAL MAPAERIAL PHOTO
Dairy Queen – John Day, OR
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Dairy Queen – John Day, OR
FINANCIAL
DATA
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Dairy Queen – John Day, OR
FINANCIAL DATAFINANCIAL DATA
Financial Statements and other information regarding operations
is available by request only.
Seller requires a signed Prime Net Lease Confidentiality
Agreement (“PNLCA”) in order to release said information.
Please email [email protected] to obtain a PNLCA.
mailto:[email protected]
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MARKET
OVERVIEW
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Dairy Queen – John Day, OR
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Dairy Queen – John Day, OR
MARKET OVERVIEWAbout John Day
John Day is a city located about 2 miles (3.2 km) north of
Canyon City in Grant County,
Oregon, at the intersection of U.S. Routes 26 and 395. The city
was named for the nearby
John Day River, which had been named for a Virginian member of
the 1811 Astor Expedition,
John Day. The city was incorporated in 1901.
The first homestead staked in Grant County (what was then Wasco
County), in 1862 by B. C.
Trowbridge, was within the limits of the present city of John
Day. The Eastern Oregon
community was not as quick to grow as neighboring Canyon City,
which was the county seat
and center of the bustling mining industry in the area.
Incrementally, local merchants and
residents began relocating to John Day—primarily each time after
severe fires in Canyon
City: the Grant County Courthouse burned in 1870, Chinatown
burned in 1885, and fires in
1898 and 1937 devastated Canyon City's downtown
The first post office at "John Day City" was established in
1865, but was discontinued in 1871.
It was reestablished in 1879 with the name John Day. In April
1900, a local committee was
elected, and the Oregon Legislature approved an Act
incorporating the city of John Day on
February 23, 1901. The largest part of early John Day was
composed of the Chinese
community, commonly called Tiger Town. In 1882, the Advent
Christian Church in John Day
had 547 members, 382 of whom were Chinese (and a number of
Chinese residents were
interred in the Seventh Day Adventist Cemetery).[citation
needed] By 1887, John Day was
home to nearly 1,000 Chinese immigrants, who had been attracted
to the area by a gold
rush 20 years earlier, many of whom were displaced by the 1885
fire in Canyon City.
A trading post built in the area in the 1860s along The Dalles
Military Road was purchased in
1887 by two Chinese immigrants, Lung On and Ing Hay. They
converted the trading post into
a clinic, general store, and social center for the community,
which continued to operate until
the 1940s. In the 1970s the building, then the property of the
city of John Day, was converted
into a museum called the Kam Wah Chung & Co. Museum. It is
now operated in conjunction
with the Oregon Parks and Recreation Department and is one of
the premier surviving
examples of a 19th-century Chinese apothecary shop. It was
designated a National Historic
Landmark in 2005.
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Dairy Queen – John Day, OR
MARKET OVERVIEW
Population
Population estimates, July 1, 2017, (V2017) NA
Population estimates, July 1, 2016, (V2016) 7,158
Population estimates base, April 1, 2010, (V2017) NA
Population estimates base, April 1, 2010, (V2016) 7,445
Population, percent change - April 1, 2010 (estimates base) to
July 1, 2017, (V2017)
NA
Population, percent change - April 1, 2010 (estimates base) to
July 1, 2016, (V2016)
-3.9%
Population, Census, April 1, 2010 7,445
Race and Hispanic Origin
White alone, percent, July 1, 2016, (V2016)(a) 94.5%
Black or African American alone, percent, July 1, 2016,
(V2016)(a) 0.2%
American Indian and Alaska Native alone, percent, July 1, 2016,
(V2016)(a) 1.7%
Asian alone, percent, July 1, 2016, (V2016)(a) 0.6%
Native Hawaiian and Other Pacific Islander alone, percent, July
1, 2016, (V2016)(a)
0.1%
Two or More Races, percent, July 1, 2016, (V2016) 2.8%
Hispanic or Latino, percent, July 1, 2016, (V2016)(b) 3.7%
White alone, not Hispanic or Latino, percent, July 1, 2016,
(V2016) 91.5%
Housing
Housing units, July 1, 2016, (V2016) 4,297
Housing units, April 1, 2010 4,344
Owner-occupied housing unit rate, 2012-2016 72.8%
Median value of owner-occupied housing units, 2012-2016
$158,800
Median selected monthly owner costs -with a mortgage,
2012-2016
$983
Median selected monthly owner costs -without a mortgage,
2012-2016
$362
Median gross rent, 2012-2016 $671
Building permits, 2016 NA
https://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/PST045217#qf-flag-NAhttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/PST045217#qf-flag-NAhttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/PST045217#qf-flag-NAhttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-ahttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-ahttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-ahttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-ahttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-ahttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-headnote-bhttps://www.census.gov/quickfacts/fact/table/grantcountyoregon,US/RHI125216#qf-flag-NA
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Dairy Queen – John Day, OR
MARKET OVERVIEW
Confidentiality Agreement & Disclaimer
The Offering Memorandum contains select information pertaining
to the business and affairs of Dairy Queen (“property”). It has
been prepared by Prime Net Lease.This Offering Memorandum may not
be all-inclusive or contain all of the information a prospective
purchaser may desire. The information contained in this
OfferingMemorandum is confidential and furnished solely for the
purpose of review by a prospective purchaser of the Property. It is
not to be used for any other purpose ormade available to any other
person without the written consent of Seller or Prime Net Lease.
The material is based in part upon information supplied by the
Sellerand in part upon financial information obtained from sources
it deems reliable. Owner, nor their offices, employees, or agents
makes any representation or warranty,express or implied, as to the
accuracy or completeness of this Offering Memorandum or any of its
contents and no legal liability is assumed or shall be implied
withrespect thereto Prospective purchasers should make their own
projections and form their own conclusions without reliance upon
the material contained herein andconduct their own due
diligence.
By acknowledging your receipt of this Offering Memorandum for
the Property, you agree:
1. The Offering Memorandum an its contents are confidential;2.
You will hold and treat it in the strictest of confidence; and3.
You will not, directly or indirectly, disclose or permit anyone
else to disclose this Offering Memorandum or
it contents in any fashion or manner detrimental to the interest
of the Seller.
Owner and Prime Net Lease expressly reserve the right, at their
sole discretion, to reject any and all expressions of interest or
offers to purchase the Property and toterminate discussions with
any person or entity reviewing this Offering Memorandum or making
an offer to purchase the Property unless and until written
agreementfor the purchase and sale of the Property has been fully
executed and delivered.
If you wish not to purse negotiations leading to the acquisition
of the Property or in the future you discontinue such negotiations,
then you agree to purge allmaterials relating to this Property
including this Offer Memorandum.
A prospective purchaser’s sole and exclusive rights with respect
to the prospective transaction, the Property, or information
provided herein or in connection with thesale of the Property shall
be limited to those expressly provided in an executive Purchase
Agreement and shall be subject to the terms thereof. In no event
shall aprospective purchaser have any other claims against Seller
or Prime Net Lease or any of their affiliates or any of their
respective officers, Directors, shareholders,owners, employees, or
agents for any damages, liability , or cause of action relating to
this solicitation process or the marketing or sale of the
Property.
This Offering Memorandum shall not be deemed to represent the
state of affairs of the Property or constitute an indication that
there has been no change in thestate of affairs of the Property
since the date this Offering Memorandum.
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Michael MatusikVice PresidentDirect | 714.874.4004Fax |
[email protected]: CA
01888322www.primenetlease.com
Paul R MatusikPresidentDirect | 714.875.2400Fax |
[email protected]: CA
01351021www.primenetlease.com
P R E S E N T E D B Y
In Association with David M Demers, a licensed Oregon Broker
(990500125)
