Freddy's Frozen Custard & Steakburgers

2945 Dougherty Ferry Road, Valley Park, MO 63122

$2,500,000

Cap Rate 6.20%

$2,583,500

Cap Rate 6.00%

Updated: 03.05.24 Posted: 12.13.23 Status: Sold

Summary

Price $2,500,000 $2,583,500	Built/Renov 2008/2023	Tenant Freddy's Frozen Custard & Steakburgers
Cap Rate 6.20% 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,066	Lease Start 12-01-2023	#Units 40
Price/SF $815.39 $842.63	Expiration 12-31-2043	Tenant Type Fast Casual/Rest.
NOI $155,000	R. Term 18.7	Ownership Fee Simple
Rent/SF $50.55	Increases 10.0%/5/yrs	Pop 5Mi 164,843
Lot/AC 0.90	Options 4/5yrs/10%	AHHI 5Mi $154,895

Highlights

Freddys Frozen Custard & Steakburgers recently signed a brand new 20-year lease with 4 (5-year) options
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by M&M Custard, LLC (40 units backed)

Location Description

Freddy's Frozen Custard & Steakburgers is strategically located on Dougherty Ferry Road, with access to 24,040 vehicles. Its advantageous placement is further enhanced by its convenient position just north of the highly trafficked signalized, hard corner intersection of Big Bend Road and Dougherty Ferry Road, with a combined daily traffic count of 49,000 vehicles. The immediate corridor...

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Key Features

Recent renovation
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Personal guarantee

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Links

Freddy's Frozen Custard & Steakburgers Wikipedia Freddy's Frozen Custard & Steakburgers Wikipedia Valley Park, Missouri Zip Code 63122 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Freddy's Frozen Custard & Steakburgers
Guarantor:Franchisee
Company:M&M Custard, LLC
# Units:40
Stock:Private

About Tenant

Freddy's Frozen Custard & Steakburgers is an award-winning, American fast-casual restaurant chain. Its menu includes steakburgers, Vienna Beef hot dogs, and chicken sandwiches. The chain also...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,812	60,432	163,076
2023 Total Population :	8,860	61,038	164,843
2023 Employed Civilian Pop :	4,882	32,113	85,801
2023 Total Businesses :	154	2,877	6,785
2023 Average Household Income :	$ 118,169	$ 141,991	$ 154,895
2023 Total Consumer Spending :	$ 421 M	$ 3036 M	$ 8573 M
2023 Median Age :	40	42	44
2023 Total Households :	4,187	25,236	65,543
2023 Pop Age 25+: Bachelor's Degree :	2,395	15,765	43,391
2023 Average Home Value :	$ 381,183	$ 382,207	$ 435,950

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Dougherty Ferry Road	Dougherty Lake Estates Dr	2015	24,020	0.04 mi
Big Bend Road	Quinette Rd	2014	9,850	0.13 mi
Big Bend Road	Autumn Creek Dr	2014	25,110	0.13 mi
Dougherty Ferry Road	Quinette Rd	2015	7,120	0.14 mi
Dougherty Ferry Rd	Lake Bend Dr	2013	16,338	0.22 mi
	Big Bend Xing Dr	2022	8,220	0.35 mi
Dougherty Ferry Road	Carman Rd	2022	8,805	0.41 mi
Big Bend Road	Barberry Ln	2022	13,373	0.46 mi
Carman Road	Dougherty Ferry Rd	2015	7,860	0.59 mi
Dougherty Ferry Rd	Carman Rd	2012	13,100	0.61 mi

Listing Broker

Brandon Wright

The Boulder Group (Denver)

Contact

16 Listings
3198 Views
10 Sold

Zach Wright

The Boulder Group (Denver)

Contact

17 Listings
3465 Views
10 Sold

Brandon Wright

Brandon Wright is a Listing Broker/Agent, Landlord Broker/Agent with The Boulder Group - Denver. Brandon has transacted 464K square feet with a value around 79M. Currently, Brandon has 8 listings available in Casey, Brownstown, Broomfield, Brighton, and Aurora.

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Zach Wright

Zach Wright is a Vice President and Head of the Denver office of The Boulder Group. Zach specializes on the sale of net leased investment properties located nationally, with a focus on the Rocky Mountain and Midwest states. The key to Zach’s success is his work ethic and drive to constantly improve ways in which he can create value for his clients. Through a vast network built upon strong relationships and a honest reputation, Zach is able to successfully assist clients with the acquisition and

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