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| Price $2,640,000 | Built/Renov 2000/2023 | Tenant Freddy's Frozen Custard & Steakburgers |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
3,400
| Lease Start
12-01-2023
| #Units
1
|
| Price/SF $776.47 | Expiration
12-31-2043
| Tenant Type Fast Casual/Rest. |
| NOI $165,000 | R. Term 18.8 | Ownership Fee Simple |
| Rent/SF
$48.53
| Increases 10.0%/5/yrs | Pop 5Mi 36,723 |
| Lot/AC 0.71 | Options 4/5yrs/10% | AHHI 5Mi $60,092 |
| | |
The subject property is strategically located along Plaza Parkway (22,000 VPD), near the intersection of Plaza Parkway and I-85 (54,500 VPD). It is positioned next to three high volume tenants: Starbucks, IHOP, and Chick-Fil-A, and near many national retailers including Walmart, Lowe’s, Walgreens, and more, creating a strong consumer drive to the immediate trade area. The site is an outparcel...
...Recent renovation
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway visibility
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,675 | 16,705 | 36,686 |
| 2023 Total Population : | 1,660 | 16,777 | 36,723 |
| 2023 Employed Civilian Pop : | 631 | 6,128 | 13,758 |
| 2023 Total Businesses : | 151 | 924 | 1,524 |
| 2023 Average Household Income : | $ 55,069 | $ 54,883 | $ 60,092 |
| 2023 Total Consumer Spending : | $ 34 M | $ 323 M | $ 792 M |
| 2023 Median Age : | 40 | 40 | 42 |
| 2023 Total Households : | 712 | 6,645 | 14,929 |
| 2023 Pop Age 25+: Bachelor's Degree : | 139 | 1,116 | 3,010 |
| 2023 Average Home Value : | $ 241,962 | $ 207,287 | $ 210,868 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2021 | 4,200 | 0.08 mi | ||
| 2021 | 2,800 | 0.10 mi | ||
| Cotton Grove Rd | Brown St | 2018 | 24,500 | 0.13 mi |
| Cotton Grove Road | Dixie St | 2021 | 24,500 | 0.13 mi |
| I- 85 | 2021 | 2,700 | 0.25 mi | |
| I- 85 | 2021 | 4,100 | 0.26 mi | |
| Cotton Grove Road | Cody St | 2018 | 11,000 | 0.32 mi |
| Cotton Grove Road | Oakdale St | 2021 | 22,000 | 0.32 mi |
| Cotton Grove Road | Cedar LnDr | 2019 | 22,000 | 0.32 mi |
| Brown St | Arthur Murph Dr | 2018 | 3,600 | 0.36 mi |
Dixon, IL
Cap Rate 5.70%
Lease NN+
R. Term 13.50 yrs
Size/SF 2,350
Blairsville, GA
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 1,246
Little Rock, AR
Cap Rate 6.00%
Lease Abs NNN
R. Term 10.20 yrs
Size/SF 2,456
Taylorville, IL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 1,576
Russellville, AR
Cap Rate 6.15%
Lease Abs NNN
R. Term 10.70 yrs
Size/SF 2,600
Reading, PA
Cap Rate 5.50%
Lease NN+
R. Term 15.00 yrs
Size/SF 3,150
Harlingen, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 6.11 yrs
Size/SF 2,392
Owasso, OK
Cap Rate 6.75%
Lease Abs NNN
R. Term 9.00 yrs
Size/SF 2,200
Butte, MT
Cap Rate 7.00%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 3,400
Appleton, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 3,042
Grapevine, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 2,389
Middleburg Heights, OH
Cap Rate 5.75%
Lease NN+
R. Term 14.70 yrs
Size/SF 3,429
Radford, VA
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,742
Lubbock, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,000
Dickson, TN
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.30 yrs
Size/SF 1,225
Kerrville, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 3,027
Lake Jackson, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,518
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
