3118 S Range Line Rd
Joplin, MO 64804
Freddy's · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed the Freddy’s Frozen Custard & Steakburgers at 3118 South Range Line Road in Joplin, Missouri (The “Property”) for sale. The Property is located directly north of Interstate 44 (I-44), and down the street from the General Mills manufacturing facility. The investment consists of a brand-new 15-year single-tenant absolute triple-net (NNN) lease with Freddy’s Frozen Custard & Steakburgers (dba JRI Restaurant Holdings, LLC). 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 +3,036 rentable square feet on approximately 35,554 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 items 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 busy corridor with convenient access from the I-44 at the Rangeline Interchange. There are approximately 1,614 hotel rooms within a +1-mile radius and national nearby retailers include: Sam’s Club, Walmart Supercenter, Academy Sports + Outdoors, Aldi, The Home Depot, Lowe’s, Office Depot, Chick-Fil-A, LongHorn Steakhouse, McDonald’s, Texas Roadhouse, Olive Garden, and many, many more. Joplin, located in the four states region encompassing Oklahoma, Kansas, Missouri and Arkansas, rests at the edge of the Ozark Mountain region. The region is known for its skilled labor force and this location benefits from the close proximity to top employers in the area which include: Contract Freighters, Inc (±2,910 employees), Freeman Healthy System (±2,640 employees), St. Johns Regional Medical Center (±2,200 employees), Eagle-Picher Industries (±2,000 employees), Joplin R-8 School System (±1,092 employees), among many others (Source: Missouri Partnership).