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Freddy's | New 15yr Abs NNN w/ Incrs | DrThru 421 Pineview Dr 2,788 SF Retail Building Flowood, MS 39232 $3,175,000 ($1,138.81/SF) 6.35% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Located Along Lakeland Drive | Centralized Location | 2024 Construction | Drive-Thru Equipped | Excellent Visibility
Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Trade Area | Major Surrounding Shopping Centers | Direct Customer Base | Located Within Master Development

EXECUTIVE SUMMARY

SRS Real Estate, LLC and SRS Real Estate Partners, LLC are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, newly built, Freddy’s Frozen Custard & Steakburgers (Freddy’s) investment property located in Flowood, MS (Jackson MSA). The tenant, MS Steakburger, LLC, recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 2002, Freddy’s is among the leading quick service restaurant chains with more than 500 locations across 36 states.