This is a rare opportunity to acquire a fully operational Dairy Queen franchise with over 20 years of continuous operating history at one of Tallahassee's most established quick-service restaurant locations. Located in a high-traffic commercial corridor serving the city's northwest trade area, this offering includes the franchise, the building, and all improvements, together with the operating business as a going concern, subject to a long-term, fully assignable Absolute NNN ground lease at a fixed rate of $6,000 per month. The ground rent is fully reflected in the EBITDA figures presented and requires no further adjustment. The business generates approximately $1.3 million in annual gross sales across a loyal and growing customer base built over two decades of consistent brand execution. With verified three-year POS sales history available to qualified buyers, this offering provides the financial transparency and operational track record that serious acquirers demand. The sale includes the freestanding QSR building with drive-through lane, full commercial kitchen, customer dining room, and all building systems. All furniture, fixtures, and equipment are conveyed in full, including proprietary Dairy Queen soft-serve and frozen treat dispensing machines, Blizzard blending stations, commercial grills and fryers, walk-in cooler and freezer, PAR POS system, drive-through communication and menu board equipment, and all interior and exterior signage. The Dairy Queen franchise agreement, customer goodwill, vendor and supplier relationships, and all assignable licenses and permits are included. A complete FF&E inventory will be provided to qualified buyers upon execution of a Non-Disclosure Agreement. Property operates under a fully assignable, long-term Absolute NNN ground lease, for which the rent is reflected in stated EBITDA. Tallahassee is Florida's state capital and home to Florida State University and Florida A&M University, together serving over 65,000 students. This institutional demand base — combined with year-round state government employment — creates one of Florida's most recession-resistant consumer markets. The city's steady population growth and the continued expansion of the North Monroe Street retail corridor provide a strong long-term demand tailwind for an established, well-positioned QSR brand. The Dairy Queen franchise transfer is subject to prior written approval from International Dairy Queen, Inc. (IDQ). IDQ provides the incoming owner with comprehensive onboarding, operational training, proprietary system access, and ongoing franchisee support. The current owner is available for a transition period to ensure continuity of operations. Growth opportunities include extended operating hours, delivery platform integration, expanded participation in DQ's loyalty and mobile ordering programs, and active owner management to address labor costs currently trending above system averages. The property offers a flexible investment opportunity, as the existing Dairy Queen franchise may be terminated upon sale, allowing a buyer to rebrand the building with a new concept. This offering is well-suited for an experienced QSR operator seeking a proven franchise platform, a first-time franchise buyer entering the Dairy Queen system with minimal execution risk, or an investor acquiring a stabilized going-concern business with a hard-asset component. SBA 504 and 7(a) financing may be available to qualified buyers, significantly reducing required equity at closing. To protect the confidentiality of the ongoing business operation, all prospective buyers are required to execute a Non-Disclosure Agreement prior to the release of any financial statements, tax returns, or proprietary operating data. Site visits are conducted by appointment only and coordinated to minimize disruption to daily operations. All inquiries must be directed to the listing broker. Do not contact the business or its employees directly.