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Barrhead Dairy Queen sale reflects appetite for triple-net assets

Operating business and property included in transaction
5123-49-street-barrhead
A four-year-old Dairy Queen at 5123 49 St., Barrhead, Alberta, sold May 30 for $3.1 million.

DEAL | A four-year-old Dairy Queen location at 5123 49 St., Barrhead, Alberta, sold May 30 for $3.1 million. The price included both the business and 0.7 acres of land with C-2 zoning. The property sold at a significant discount to the list price of $3.75 million, yet reflected steady demand for triple-net assets in growing communities.

PRICE | $3,100,000

FROM | Paul Chong, Royal LePage Summit Realty