6464 Siegen Ln
Baton Rouge, LA 70809
Freddy's Frozen Custard & Steakburgers · Retail Property For Sale

Fundamental Real Estate - Fully renovated in 2016 & located in a dense retail market directly off I-10 (±127k VPD) - Strategically located on a high-value outparcel in a desirable area off Siegen Lane (±40k VPD), which is directly off I-10 and runs north to I-12 (±107k VPD) - Outparcel to LA Fitness and Academy Sports + Outdoors - Multiple points of ingress and egress on a 6-lane road - Located directly off Siegen Lane in between Industriplex Blvd. & Siegen Holiday Circle Supportive Market Demographics - Baton Rouge is the 2nd largest city in the state of Louisiana with ±225,374 residents - Home to Louisiana State University with ±30.9k students - ±2.4 miles from the Mall of Louisiana (±1,558,834 SF w/ 100% occupancy) & ±0.7 miles from Target anchored shopping center (±255,014 SF w/ 100% occupancy) - Supportive demographics with ±69,023 residents in a 3-mile & ±174,413 in a 5-mile radius - Average HH income of $100,647 in a 1-mile, $93,994 in a 3-mile & $97,347 in a 5-mile radius - Daytime population of ±96,965 in a 3-mile & ±210,463 in a 5-mile radius - Explosive population growth since 2000: Population: 39.55% (1-mi), 13.11% (3-mi) & 15.34% (5-mi) & Households: 55.13% (1-mi), 19.10% (3-mi) & 18.33% (5-mi) Optimal Lease Structure - Absolute NNN lease structure with zero LL responsibilities - ±13.5 years remaining on initial 15-year term - 10% rent escalations every 5 years in base term & option periods - Four (4), 5-year renewal options - Structured as a sale leaseback in 2017 and rent was set to ensure healthy & optimal rent-to-sales ratio - Strong operator with 40+ locations Desirable Fast Restaurant Tenant - Growth QSR concept with over 300 locations across 31 U.S. states - Opened 54 new restaurants in 2018 and achieved a 15.5% increase in company growth - Named the “Best Franchise to Buy in America” by Forbes Magazine in 2018 - “Fastest-Growing Private Companies” by Inc. Magazine in 2017