3040 Justin Rd
Highland Village, TX 75077
Freddy's Highland Village TX | 15 Yr Abs NNN · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed the Freddy’s Frozen Custard & Steakburgers at 3040 Justin Road in Highland Village, Texas (The “Property) for sale. The Property is well located in a desirable and affluent North Texas community, on a pad in front of The Marketplace at Highland Village. The investment consists of a brand-new 15-year single-tenant absolute triple-net (NNN) lease with Freddy’s Frozen Custard & Steakburgers (dba JRI Management). The lease includes attractive 10% rental increases every five years in the initial term and throughout the four (4), five (5) year options. The Property is made up of +3,532 rentable square feet on approximately 49,217 square feet of land. Freddy’s Frozen Custard & Steakburgers is a fast-casual restaurant franchise, known for premium, lean, ground beef steakburgers and dessert treats, prepared with freshly-churned chocolate or vanilla frozen custard. A privately owned and family-oriented company, their tasty menu coupled with exceptional guest service and industry-leading cleanliness standards are why their guests make return visits. Please see page 8 in the offering memorandum for more details on the successful tenant, JRI Management. The Property benefits from a great location in a desirable and affluent North Texas Community, Highland Village. The average household income in a 1-mile radius is +$166,427, with a projected $176,484 average household income in the next five years (Source: Esri). There are approximately 4,819 students (K-12) within a +3-mile radius and national nearby retailers include: Walmart Supercenter, Target, Lowe’s, AMC, Whole Foods Market, LA Fitness, Petco, TJ Maxx & HomeGoods, Bed Bath & Beyond, Academy Sports + Outdoors, Chase Bank, Wells Fargo Bank, and many, many more. Highland Village, Texas, located in Denton County (one of the fastest growing counties in Texas), has committed to the development of a quality community with a top-ranked educational system, upper-income family-oriented environment, and the planned preservation of open space throughout the lake-front community. The rapidly expanding population of Highland Village and surrounding cities, the key location minutes north of the Dallas-Fort Worth Metroplex, and the appealing demographic base makes Highland Village a prime location (Source: Highlandvillage.org).