2814 FM 544 Rd
Wylie, TX 75098
Freddy's Steakburgers · Retail Property For Sale

SRS National Net Lease Group is pleased to present the rare opportunity to acquire the newly constructed, single tenant, absolute net leased Freddy' s Frozen Custard & Steakburgers investment property located in Wylie, Texas. The tenant, Custard Last Stand 544 Wylie, LLC, recently signed a brand new 15-year absolute net lease, with 4 (5-year) option periods. The lease features 5% rental increases every 5 years throughout the initial term and option periods. The lease is franchisee guaranteed by a strong and growing 5-unit entity, with 2 more planned for 2017 and 21 stores total in development. The lease is absolute NNN with zero landlord responsibilities, ideal for an out of state, passive investor. The subject site is ideally located at the hard corner intersection of Regency Road and W. Farm Market 544 (49,320 VPD), a main thoroughfare for the town. The asset will have direct access through a new median break along FM-544 providing ease and convenience to customers. As part of an entirely new retail development, Freddy' s has excellent visibility and access on a corner site with significant street frontage for passing consumers. The subject property is half a mile east of Woodbridge Crossing shopping center which features national/credit tenants such as Super Target, Ross Dress for Less, TJ Maxx, PetSmart, Dollar Tree, and more. In addition, just 2 miles west is Murphy Market Place with Walmart Supercenter, Sprouts, Lowe' s, 24 Hour Fitness, Hobby Lobby and more. The site serves approximately 152,000 residents with an affluent average household income of $114,000 located within a 5-mile radius.