Freddy's Frozen Custard and Steakburgers | 1215 Highway 85 North
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Freddy's Frozen Custard and Steakburgers 1215 Highway 85 North
2,592 SF Retail Building Fayetteville, GA 30214 $3,510,000 ($1,354/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
- Absolute Triple Net Lease with No Landlord Responsibilities | Long-Term 20-Year Lease
- Projected Annual Population Growth of Approximately 1.1% Within One Mile Over the Next Five Years
- Situated In Dense Retail Corridor, Adjacent to Walmart Super Center, Publix, Target, Home Depot, Lowe’s, and Kroger
- Affluent Surrounding Area with Average Annual Household Incomes of Nearly $100,000
EXECUTIVE SUMMARY
Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA. This Freddy’s sale leaseback opportunity features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/-80 existing locations across 15 states and plans for additional growth.
Freddy’s has approximately 450 locations and is one of the fastest growing restaurant chains in the US. The property is strategically positioned within an Affluent Atlanta Suburb with Approx. 1,280,000 Residents within 20 Miles.
This property can be purchased individually or as a part of an 13-property portfolio.
Freddy’s has approximately 450 locations and is one of the fastest growing restaurant chains in the US. The property is strategically positioned within an Affluent Atlanta Suburb with Approx. 1,280,000 Residents within 20 Miles.
This property can be purchased individually or as a part of an 13-property portfolio.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,592 SF
Building Class
B
Year Built
2020
Price
$3,510,000
Price Per SF
$1,354
Cap Rate
5.70%
NOI
$200,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.15 AC
Zoning
Commercial
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-38-00-159 | Improvements Assessment | $385,704 |
| Land Assessment | $275,680 | Total Assessment | $661,384 |
PROPERTY TAXES
Parcel Number
05-38-00-159
Land Assessment
$275,680
Improvements Assessment
$385,704
Total Assessment
$661,384
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Freddy's Frozen Custard and Steakburgers | 1215 Highway 85 North
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