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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

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

Starbucks
Freddy's Frozen Custard & Steakburgers
Premier Martial Arts
Cheddar's Scratch Kitchen
United Rentals
Texas Roadhouse
H-E-B

Property Taxes

Property Taxes

Parcel Number
750141
Land Assessment
$561,270
Improvements Assessment
$1,937,353
Total Assessment
$2,498,623
  • Listing ID: 40134066

  • Date on Market: 4/13/2026

  • Last Updated:

  • Address: 2602 West Pecan Street, Pflugerville, TX 78660

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