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Freddy's Frozen Custard & Steakburgers 305 W Commerce St 2,404 SF Retail Building Brownwood, TX 76801 $2,833,335 ($1,178.59/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New Development Freddy's Frozen Custard & Steakburgers & Billboard
- 7.5% Rental Increase Every 5 Years That Occurs Throughout Current Term and Options
- 24,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
- 20-Year Absolute NNN Lease With Zero Landlord Responsibilities
- Outparcel to Walmart Supercenter and Situated Around National Retailers, Apartments, and Schools Generating Additional Traffic to the Area
- Strong Franchise Guaranty by Ram-Z Restaurant Group, With all 67 Units Backing the Lease
EXECUTIVE SUMMARY
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Freddy’s Frozen Custard & Steakburgers in Brownwood, TX. The subject property is a new development and has a strong franchise guaranty by Ram-Z Restaurant Group. It is an outparcel to Walmart and is situated around national retailers.
Includes a $10,000/yr billboard rent in addition to Freddy’s rent, refer to rent schedule.
Includes a $10,000/yr billboard rent in addition to Freddy’s rent, refer to rent schedule.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,404 SF
Building Class
C
Year Built
1987
Price
$2,833,335
Price Per SF
$1,178.59
Cap Rate
6%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.60 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 54541 | Improvements Assessment | $530,200 |
| Land Assessment | $261,360 | Total Assessment | $791,560 |
PROPERTY TAXES
Parcel Number
54541
Land Assessment
$261,360
Improvements Assessment
$530,200
Total Assessment
$791,560
CONTACTS
-
Drew Duncan -
Jacob Mace -
Justin Dillon -
Trinity Real Estate Investment Services, LLC
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Freddy's Frozen Custard & Steakburgers | 305 W Commerce St
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