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5570 Belleville Crossing St
Belleville, IL 62226
Freddy's Frozen Custard & Steakburgers · Retail Property For Sale
Investment Highlights
- Corporate Guarantee
- 10% Rent Bumps
- New Construction
Executive Summary
TOP-PERFORMING UNIT
? #1 Freddy’s location in Illinois (via Placer.AI)
? Top 10% performing store nationally
? Strong unit level financials
? New 2023 Construction
PRIME RETAIL CORRIDOR LOCATION
? Located within Belleville Crossing retail corridor (2.4m Annual Visits)
? Shadow anchored by Target and Home Depot
? Approximately 26,000 vehicles per day
? Strong visibility and accessibility along IL-15
LONG-TERM CORPORATELY BACKED LEASE
? Lease fully guaranteed by Freddy’s Frozen Custard LLC
? 15-year initial term (expires March 31, 2038)
? Three (3) five-year renewal options (up to 30 years total)
? Absolute NNN structure (zero landlord responsibilities)
SCHEDULED RENT GROWTH
? 10% rent increases every five years
? Next increase in March 2028
? Continued escalations throughout option periods
? Built-in inflation hedge and income growth
BRAND NEW PROTOTYPE
? Strategically designed for high-volume drive-through operations
? New designated digital pick-up area
? Enhanced kitchen layout
? Transformed bagging location
? #1 Freddy’s location in Illinois (via Placer.AI)
? Top 10% performing store nationally
? Strong unit level financials
? New 2023 Construction
PRIME RETAIL CORRIDOR LOCATION
? Located within Belleville Crossing retail corridor (2.4m Annual Visits)
? Shadow anchored by Target and Home Depot
? Approximately 26,000 vehicles per day
? Strong visibility and accessibility along IL-15
LONG-TERM CORPORATELY BACKED LEASE
? Lease fully guaranteed by Freddy’s Frozen Custard LLC
? 15-year initial term (expires March 31, 2038)
? Three (3) five-year renewal options (up to 30 years total)
? Absolute NNN structure (zero landlord responsibilities)
SCHEDULED RENT GROWTH
? 10% rent increases every five years
? Next increase in March 2028
? Continued escalations throughout option periods
? Built-in inflation hedge and income growth
BRAND NEW PROTOTYPE
? Strategically designed for high-volume drive-through operations
? New designated digital pick-up area
? Enhanced kitchen layout
? Transformed bagging location
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,981 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2023
Price
$1,826,086
Price Per SF
$612.57
Cap Rate
5.75%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.05 AC
Opportunity Zone
Yes
Zoning
C1
Property Taxes
| Parcel Number | 08-19.0-102-009 | Improvements Assessment | $219,355 |
| Land Assessment | $329,380 | Total Assessment | $548,735 |
Property Taxes
Parcel Number
08-19.0-102-009
Land Assessment
$329,380
Improvements Assessment
$219,355
Total Assessment
$548,735
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