Log In/Sign Up
Your email has been sent.
Freddy's Frozen Custard - Austin TX MSA 2602 West Pecan Street 3,282 SF Retail Building Pflugerville, TX 78660 $2,079,000 ($633.46/SF) 6% Cap Rate
Investment Highlights
- Franchisee Guaranteed Ground Lease | Options To Extend | Scheduled Increases | Well Known & Established Brand
- Located Within a Dense Retail Corridor | Outparcel to Popular Strip Center
- Strong Demographics In 5-mile Trade Area
- Absolute NNN Ground Lease Structure | Leased Fee Ownership | Zero Landlord Responsibilities
- Freddy’s Recently Acquired by Rhône | Growing Franchisee Program
Executive Summary
• Freddy’s has been operating at this location since 2009, demonstrating long-term tenant stability
• 5 years remaining with 3 (5-year) option periods to extend
• Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states
• 5 years remaining with 3 (5-year) option periods to extend
• Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
3,282 SF
Building Class
C
Year Built
2008
Price
$2,079,000
Price Per SF
$633.46
Cap Rate
6%
NOI
$124,740
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Parking
35 Spaces (10.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 750141 | Improvements Assessment | $1,937,353 |
| Land Assessment | $561,270 | Total Assessment | $2,498,623 |
Property Taxes
Parcel Number
750141
Land Assessment
$561,270
Improvements Assessment
$1,937,353
Total Assessment
$2,498,623
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Freddy's Frozen Custard - Austin TX MSA | 2602 West Pecan Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.