1365 Jungermann Rd
Saint Peters, MO 63376
Freddy's Frozen Custard · Retail Property For Sale

Freddy's - Absolute NNN - Brand New 15 Yr Lease SALE-LEASEBACK! We are pleased to offer to qualified investors an absolute NNN fee simple investment that is 100% leased to Freddy' s Frozen Custard & Steakburgers close to the intersection of McClay Rd & Jungermann Rd, a main retail corridor, which connects to I-70 and the 364 Freeway. The brand new lease (sale-leaseback transaction) is slated to commence at the close of escrow, with a primary term of 15 years with 3-5 year options. There are 10% rental escalations every 5 years, including all option periods, providing investors with an effective inflation hedge throughout the lease. The recently improved building is approximately 3,328 feet that sits on approximately 1.13 acres and includes a drive-thru component. The tenant M&M Custard - is a highly successful and rapidly growing operator, who' s owners have a long track record as proven restaurant operators, and plan to open 6 more Freddy' s stores in the in the St. Louis area. Freddy' s Frozen Custard & Steakburgers is a quick-service restaurant chain based in Wichita, KS and currently operates 237 locations across 35 states. PROVEN TRACK RECORD! The building commands superior visibility from Jungermann Rd. (one of the primary traffic corridors for freeway traffic) and is situated with excellent visibility, access and egress in the heart of this retail area. Surrounding retailers include Walmart Supercenter, Kohl' s, Walgreens, Advance Auto Parts, AutoZone, and Bank of America. St. Peters, MO has been ranked in Money Magazine' s Top 100 and is home to St. Charles Community College, University of Missouri Extension, Lindenwood University, Art Institute of St. Louis and Vatterott College. It is one of the top 10 biggest cities in the state and St. Charles County is one of the fastest-growing counties in nation.