1222 S Shannon St - Fast Food FOR SALE


Van Wert, OH 45891
$1,583,000 USD
330-777-1505
1222 S Shannon St, Van Wert, OH for Sale
$1,583,000 USD
Fast Food - FOR SALE
1/7
null | 6% Cap Rate

1222 S Shannon St
Van Wert, OH 45891


HIGHLIGHTS

  • Operating History & Site Commitment
  • Long Term Lease
  • Capital Improvements
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Dairy Queen located at 1222 South Shannon Street in Van Wert, OH (the “Property”). Dairy Queen has a long operating history at the Property, opening in 1991, and has executed multiple lease extensions demonstrating their commitment to the site and market. In 2023, Dairy Queen executed a long-term, 20-year lease extension in addition to building renovations, and the Absolute NNN Lease currently has over 17 years of term remaining. Dairy Queen is positioned along South Shannon Street, one of Van Wert’s primary commercial corridors, offering excellent visibility, prominent signage, and convenient access with ample on-site parking. The Property benefits from steady traffic generated by nearby retailers and restaurants, notably two grocery- anchored centers featuring Ruler Foods (directly adjacent) and Chief Supermarket (across the street), as well as residential neighborhoods surrounding Downtown Van Wert, just over a mile away. The site is further supported by proximity to OhioHealth Van Wert Hospital, 1.5 miles away, Van Wert’s Public Schools, 0.5 miles away, and a large manufacturing facility for Greif, Inc, just under a mile away. The Property offers easy access to US Routes 127, 30, and 224, allowing for broader regional transportation. Van Wert is located approximately 35 miles southeast of Fort Wayne, Indiana, and 95 miles southwest of Toledo, Ohio, providing access to larger regional employment, retail, and consumer markets.

FOR SALE DETAILS

PRICE

$1,583,000 USD

PRICE/SF

$704 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen Grill & Chill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C

APN/PARCEL ID

12-030475.3900

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

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Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.