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FREDDY’S FROZEN CUSTARD PORTFOLIO 4 Retail Properties Offered at $22,942,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Long-Term 20-Year Lease | Absolute Triple Net Lease with No Owner Responsibilities
- Guarantee with JRI Hospitality, the Largest Freddy's Franchisee in the Country
- Freddy’s Frozen Custard & Steakburgers Has Approximately 450 Locations
- 6 Units Remaining in the Portfolio
EXECUTIVE SUMMARY
Graystone Capital Advisors is pleased to present the portfolio of six (6) remaining Freddy's Frozen Custard & Steakburgers. The properties are all being sold as sale lease-backs with brand new 20-year absolute NNN leases with a guarantee from the largest Freddy's franchise in the country, JRI Hospitality.
Founded in 2011, JRI Hospitality owns and operates over 80 restaurants in 15 states, including Freddy’s Frozen Custard & Steakburgers, Mokas Cafe, The Original Grande, and Chompie’s Restaurants. We are projected to expand our reach with 20 projects per year to ensure
everyone in the United States can enjoy our line of brands.
Freddy’s Frozen Custard & Steakburgers is an American fast-casual restaurant chain based in Wichita, Kansas. Its menu includes steakburgers, Vienna Beef hot dogs, and chicken sandwiches, and the company provides frozen custard with a variety of specialty sundaes and concretes (blended sundaes) Freddy’s was co-founded in 2002 by brothers Bill and Randy Simon with their friend and business partner, Scott Redler. It was named in honor of Bill and Randy’s father.
Founded in 2011, JRI Hospitality owns and operates over 80 restaurants in 15 states, including Freddy’s Frozen Custard & Steakburgers, Mokas Cafe, The Original Grande, and Chompie’s Restaurants. We are projected to expand our reach with 20 projects per year to ensure
everyone in the United States can enjoy our line of brands.
Freddy’s Frozen Custard & Steakburgers is an American fast-casual restaurant chain based in Wichita, Kansas. Its menu includes steakburgers, Vienna Beef hot dogs, and chicken sandwiches, and the company provides frozen custard with a variety of specialty sundaes and concretes (blended sundaes) Freddy’s was co-founded in 2002 by brothers Bill and Randy Simon with their friend and business partner, Scott Redler. It was named in honor of Bill and Randy’s father.
PROPERTY FACTS
| Price | $22,942,000 | Number of Properties | 4 |
| Price / SF | $1,873 / SF | Individually For Sale | 2 |
| Cap Rate | 5.21% | Total Building Size | 12,249 SF |
| Sale Type | Investment NNN | Total Land Area | 4.86 AC |
| Status | Active |
| Price | $22,942,000 |
| Price / SF | $1,873 / SF |
| Cap Rate | 5.21% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 2 |
| Total Building Size | 12,249 SF |
| Total Land Area | 4.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1701 Capps Lndg, Opelika, AL 36804 | Retail | 3,480 SF | 2017 | $2,735,000 |
| 1215 Highway 85 North, Fayetteville, GA 30214 | Retail | 2,592 SF | 2020 | $3,160,000 |
|
Freddy's Frozen Custard
138 Commerce Ave, Lagrange, GA 30241 |
Retail | 3,077 SF | 2023 | - |
| 1456 Newnan Crossing Blvd E, Newnan, GA 30265 | Retail | 3,100 SF | 2021 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
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FREDDY’S FROZEN CUSTARD PORTFOLIO
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