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863 Arlington Ridge East, Akron, OH , 44312
  • Size SF 2,600
  • Built/Renov2019
  • Price/SF$964
  • Lease Start07-30-2019
  • Rent/SF$69.97
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI100,602

2,507,096

  • Cap Rate 7.26%
  • NOI $181,921
  • R. Term/Yrs 9.2
  • Guarantor Franchisee
  • # Units 1
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • Strong tenant synergy

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Personal guarantee

  • ...
  • 9+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the base term and in each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Strength in a reliable tenant | Personal guarantee and OH Steakburgers, LLC guarantee
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 1
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates more than 500 restaurants across 38 states and territories. Most of their locations are operated by franchisees. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

...
421 West Pineview Drive, Flowood, MS , 39232
  • Size SF 2,788
  • Built/Renov2024
  • Price/SF$1,139
  • Lease Start11-01-2024
  • Rent/SF$72.32
  • Lease Type Abs NNN
  • Lot/AC0.93
  • Pop 5MI57,577

3,175,000

  • Cap Rate 6.35%
  • NOI $201,617
  • R. Term/Yrs 14.5
  • Guarantor Franchisee
  • # Units 6
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • New development zone

  • Store sales reported

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand new 2024 construction
  • The tenant recently signed a new 15-year lease with 4 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • CO Steakburger is a multi-unit franchisee with 6 Freddy’s currently operating and several more in the pipeline to open throughout CO and MS
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 6
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates more than 500 restaurants across 38 states and territories. Most of their locations are operated by franchisees. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

 

...
1104 Pamplico Highway, Florence, SC , 29505
  • Size SF 2,700
  • Built/Renov2021
  • Price/SF
    $787
    $817
  • Lease Start12-01-2024
  • Rent/SF$51.85
  • Lease Type Abs NNN
  • Lot/AC0.98
  • Pop 5MI64,438
2,125,000
2,205,000
  • Cap Rate
    6.59%
     
    6.35%
  • NOI $140,000
  • R. Term/Yrs 19.6
  • Guarantor Franchisee
  • # Units 7
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Hospital close

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Brand new 20-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Guarantor is an experienced Freddy’s franchisee with 7 existing locations and additional new stores planned
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 7
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates more than 500 restaurants across 38 states and territories. Most of their locations are operated by franchisees. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

 

...
2567 Commerce Pkwy, Barstow, CA , 92311
  • Size SF 2,500
  • Built/Renov2024
  • Price/SF$1,188
  • Lease Start11-01-2024
  • Rent/SF$62.40
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI24,956

2,971,000

  • Cap Rate 5.25%
  • NOI $156,000
  • R. Term/Yrs 14.5
  • Guarantor Franchisee
  • # Units 22
  • New construction

  • Build to suit

  • Near major nationals

  • Freeway visibility

  • Strong tenant synergy

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand new 2024 construction
  • New 15-year lease with 4 (10-year) options to extend to commence upon close of escrow
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 22
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

...
500 Sidney Baker Street, Kerrville, TX , 78028
  • Size SF 3,027
  • Built/Renov1986/2023
  • Price/SF$814
  • Lease Start05-04-2023
  • Rent/SF$48.86
  • Lease Type Abs NNN
  • Lot/AC0.60
  • Pop 5MI38,963

2,465,000

  • Cap Rate 6.00%
  • NOI $147,900
  • R. Term/Yrs 13.0
  • Guarantor Franchisee
  • # Units 5
  • Signalized intersection

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • New 15-year lease with 13+ years remaining and 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed lease
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 5
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

...
1402 South Main Street, Laurinburg, NC , 28352
  • Size SF 2,357
  • Built/Renov2024
  • Price/SF$1,175
  • Lease Start03-01-2024
  • Rent/SF$70.50
  • Lease Type Abs NNN
  • Lot/AC0.68
  • Pop 5MI19,195

2,769,000

  • Cap Rate 6.00%
  • NOI $166,169
  • R. Term/Yrs 13.9
  • Guarantor Franchisee
  • # Units 15
  • New construction

  • New prototype

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand-new 2024 construction
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Polo Burger Group
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 15
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

...
1050 Ogden Avenue, Montgomery, IL , 60538
  • Size SF 3,150
  • Built/Renov2023
  • Price/SF
    $887
    $926
  • Lease Start06-01-2024
  • Rent/SF$55.56
  • Lease Type Abs NNN
  • Lot/AC1.45
  • Pop 5MI233,145
2,795,000
2,917,000
  • Cap Rate
    6.26%
     
    6.00%
  • NOI $175,000
  • R. Term/Yrs 19.0
  • Guarantor Franchisee
  • # Units 40
  • New construction

  • Signalized intersection

  • Near major nationals

  • Shopping Ctr out-parcel

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Freddy’s Frozen Custard & Steakburgers will be signing a brand new 20-year lease with 4 (5-year) options at the close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Strong, experienced operator/guarantor | M&M Custard, LLC
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 40
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

M&M Custard, LLC is a proud Freddy’s Frozen Custard & Steakburgers franchise based in Overland Park, KS. The company began in 2010 with its first location in Jefferson City, MO. Today, the company operates over 40 locations across six states. M&M Custard has stores in Missouri, Kansas, Kentucky, Illinois, Indiana, and Tennessee. The company is continuing to grow and is the 2nd largest Freddy’s franchisee.

...
2945 Dougherty Ferry Road, Valley Park, MO , 63122
  • Size SF 3,066
  • Built/Renov2008/2023
  • Price/SF
    $815
    $843
  • Lease Start12-01-2023
  • Rent/SF$50.55
  • Lease Type Abs NNN
  • Lot/AC0.90
  • Pop 5MI164,843
2,500,000
2,583,500
  • Cap Rate
    6.20%
     
    6.00%
  • NOI $155,000
  • R. Term/Yrs 18.7
  • Guarantor Franchisee
  • # Units 40
  • 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

  • ...
  • 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)
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 40
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

M&M Custard, LLC is a proud Freddy’s Frozen Custard & Steakburgers franchise based in Overland Park, KS. The company began in 2010 with its first location in Jefferson City, MO. Today, the company operates over 40 locations across six states. M&M Custard has stores in Missouri, Kansas, Kentucky, Illinois, Indiana, and Tennessee. The company is continuing to grow and is the 3rd largest Freddy’s franchisee.

...
10201 Central Avenue Northeast, Albuquerque, NM , 87123
  • Size SF 3,264
  • Built/Renov2014
  • Price/SF$676
  • Lease Start12-17-2014
  • Rent/SF$42.89
  • Lease Type Abs NNN
  • Lot/AC1.19
  • Pop 5MI224,802

2,205,000

  • Cap Rate 6.35%
  • NOI $140,000
  • R. Term/Yrs 4.6
  • Guarantor Franchisee
  • # Units 34
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Personal guarantee

  • 25+ unit franchisee backed

  • ...
  • Freddy’s Frozen Custard & Steakburgers has 5+ years remaining on the current lease term with 3 (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 ERC Hospitality (34 units backed)
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 34
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle-market businesses. They have acquired more than 200 companies in the Life Sciences and Healthcare, Software & Technology, and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across its funds and is headquartered in St. Louis, MO.

ERC New Mexico, LLC operates ten Freddy’s Frozen Custard & Steakburgers in New Mexico and El Paso County, Texas. The entity is operated by one of the largest and most experienced Freddy’s franchisees, ERC Management, which recently acquired the ten stores. They also operate 17 locations in the Denver MSA and 7 locations in Alabama under separate, but related, entities. With 34 current locations, the franchisee is one of the top five largest franchisees for Freddy’s. The company plans to add additional stores in the New Mexico and El Paso markets.

...
9 Plaza Parkway, Lexington, NC , 27292
  • Size SF 3,400
  • Built/Renov2000/2023
  • Price/SF $776
  • Lease Start12-01-2023
  • Rent/SF$48.53
  • Lease Type Abs NNN
  • Lot/AC0.71
  • Pop 5MI36,723

2,640,000

  • Cap Rate 6.25%
  • NOI $165,000
  • R. Term/Yrs 18.7
  • Guarantor Franchisee
  • # Units 1
  • 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

  • ...
  • Recent renovations
  • Tenant recently signed a 20-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 1
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes. Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories. They are headquartered in Wichita, Kansas.

In 2021, Freddy’s was acquired by Thompson Street Capital Partners. Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses. They have acquired more than 200 companies in the Life Sciences & Healthcare, Software & Technology and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across their funds and is headquartered in St. Louis, MO.

...
1770 Scenic Highway North, Snellville, GA , 30078
  • Size SF 3,332
  • Built/Renov2016
  • Price/SF$915
  • Lease Start08-01-2016
  • Rent/SF$49.49
  • Lease Type Abs NNN
  • Lot/AC1.35
  • Pop 5MI195,602

3,050,000

  • Cap Rate 5.41%
  • NOI $164,890
  • R. Term/Yrs 6.2
  • Guarantor Franchisee
  • # Units 9
  • Signalized intersection

  • Hard corner intersection

  • In location for years

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense retail corridor

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Personal guarantee

  • ...
  • 6+ years remain on this franchisee signed lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Tenant Freddy's Frozen Custard
  • Guarantor Franchisee
  • #Units 9
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes.  Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories.  They are headquartered in Wichita, Kansas.

 

In 2021, Freddy’s was acquired by Thompson Street Capital Partners.  Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses.  They have acquired more than 200 companies in the Life Sciences & Healthcare, Software & Technology and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across their funds and is headquartered in St. Louis, MO.

...
1955 N Hwy 67, Florissant, St. Louis, MO , 63033
  • Size SF 4,009
  • Built/Renov2002
  • Price/SF
    $669
    $669
  • Lease Start06-01-2023
  • Rent/SF$41.16
  • Lease Type Abs NNN
  • Lot/AC0.73
  • Pop 5MI174,122
2,683,000
2,683,000
  • Cap Rate
    6.15%
     
    6.15%
  • NOI $165,000
  • R. Term/Yrs 13.0
  • Guarantor Franchisee
  • # Units 38
  • Signalized intersection

  • Shopping Ctr out-parcel

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Freddy’s has committed to signing a brand-new 15 year lease upon sale with 4 (5-year) options to extend
  • Lease will feature 10% rental increases every 5 years throughout initial term and at the beginning of each option period
  • Absolute NNN presents zero landlord responsibilities
  • Strong personal guarantee by M&M Custard, LLC (38 locations with 3 more coming in 2023)
  • Tenant Freddy's Frozen Custard & Steakburgers
  • Guarantor Franchisee
  • #Units 38
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes.  Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories.  They are headquartered in Wichita, Kansas.

 

In 2021, Freddy’s was acquired by Thompson Street Capital Partners.  Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses.  They have acquired more than 200 companies in the Life Sciences & Healthcare, Software & Technology and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across their funds and is headquartered in St. Louis, MO.

...
2604 NE Bob Bullock Loop, Laredo, TX , 78045
  • Size SF 3,500
  • Built/Renov2023
  • Price/SF $46
  • Lease Start03-01-2023
  • Rent/SF$2.30
  • Lease Type Abs NNN
  • Lot/AC1.30
  • Pop 5MI87,894

2,600,000

  • Cap Rate 5.00%
  • NOI $130,000
  • R. Term/Yrs 12.9
  • Guarantor Franchisee
  • # Units 21
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Freeway visibility

  • Highway location

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • ...
  • Brand-new 2023 construction 
  • Lone Star Custard #23 LLC has 15 years remaining on its current lease with 4 (5-year) options to extend
  • Lease features 10% rental increases throughout the initial lease term and at each option
  • Absolute NNN ground lease presents zero landlord responsibilities
  • Tenant Freddy's Frozen Custard & Steakburgers (GL)
  • Guarantor Franchisee
  • #Units 21
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes.  Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories.  They are headquartered in Wichita, Kansas.

 

In 2021, Freddy’s was acquired by Thompson Street Capital Partners.  Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses.  They have acquired more than 200 companies in the Life Sciences & Healthcare, Software & Technology and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across their funds and is headquartered in St. Louis, MO.

...
810 West Edgar Road, Linden, NJ , 07036
  • Size SF 6,000
  • Built/Renov2022
  • Price/SF $500
  • Lease Start08-10-2021
  • Rent/SF$27.50
  • Lease Type Abs NNN
  • Lot/AC0.65
  • Pop 5MI462,777

3,000,000

  • Cap Rate 5.50%
  • NOI $165,000
  • R. Term/Yrs 11.3
  • Guarantor Franchisee
  • # Units 1
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • WalMart out-parcel

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 10+ yr lease

  • Personal guarantee

  • ...
  • Linden Steakburgers LLC, has over 13 years remaining on their lease with 4 (5-year) options to extend
  • The lease features 9% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • The lease is personally guaranteed by Ethan Coleman
  • Tenant Linden Steakburgers LLC
  • Guarantor Franchisee
  • #Units 1
  • Stock Private

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 provides frozen custard with a variety of specialty and blended sundaes.  Founded in Kansas in 2002, the company now operates 469 restaurants across 37 states and territories.  They are headquartered in Wichita, Kansas.

 

In 2021, Freddy’s was acquired by Thompson Street Capital Partners.  Thompson Street Capital Partners is a private equity firm focused on investing in founder-led middle market businesses.  They have acquired more than 200 companies in the Life Sciences & Healthcare, Software & Technology and Business & Consumer Services and Products sectors since being founded in 2000. The company has raised a total of $2.1B across their funds and is headquartered in St. Louis, MO.

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