Freddy's Frozen Custard & Steakburgers | 1402 S Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Freddy's Frozen Custard & Steakburgers 1402 S Main St
2,357 SF Retail Building Laurinburg, NC 28352 $2,769,000 ($1,175/SF) 6% Cap Rate
Investment Highlights
- HIGHLY VISIBLE AND TRAFFICKED LOCATION
- FAST GROWING BRAND
- ATTRACTIVE LEASE FUNDAMENTALS
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- New 15 year NNN lease
- 8% rent increases every 5 years
- No Landlord responsibilities
FAST GROWING BRAND
- Freddy’s currently has over 300 locations in 31 states
- Expansion plans include to have over 600 stores by middle of 2024
NEW STATE OF THE ART BUILDING
- Building is being built to suit Freddy’s concept
- Warranties will be assigned to new owner
POSITIONED ON A RETAIL CORRIDOR
- Over 1.7MSF of retail space located in a 1-mile radius
- Nearby National QSRs include: Burger King, Arby’s, Biscuitville, McDonald’s, Bojangles, and Dunkin
HIGHLY VISIBLE AND TRAFFICKED LOCATION
- Fronting S. Main St (14,500 VPD)
- Approximately 1/3 mile to I-74 (20,500 VPD)
- Two points of ingress & egress (S. Main St & Biggs St)
- 1.25 Miles to Downtown Laurinburg
SO-PAK-CO FACILITY
- So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation
- $85M project
- 440 new jobs
- State Economic Impact totaling $1.5B
- New 15 year NNN lease
- 8% rent increases every 5 years
- No Landlord responsibilities
FAST GROWING BRAND
- Freddy’s currently has over 300 locations in 31 states
- Expansion plans include to have over 600 stores by middle of 2024
NEW STATE OF THE ART BUILDING
- Building is being built to suit Freddy’s concept
- Warranties will be assigned to new owner
POSITIONED ON A RETAIL CORRIDOR
- Over 1.7MSF of retail space located in a 1-mile radius
- Nearby National QSRs include: Burger King, Arby’s, Biscuitville, McDonald’s, Bojangles, and Dunkin
HIGHLY VISIBLE AND TRAFFICKED LOCATION
- Fronting S. Main St (14,500 VPD)
- Approximately 1/3 mile to I-74 (20,500 VPD)
- Two points of ingress & egress (S. Main St & Biggs St)
- 1.25 Miles to Downtown Laurinburg
SO-PAK-CO FACILITY
- So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation
- $85M project
- 440 new jobs
- State Economic Impact totaling $1.5B
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,357 SF
Building Class
C
Year Built
2023
Price
$2,769,000
Price Per SF
$1,175
Cap Rate
6%
NOI
$166,169
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.80 AC
Zoning
GB
Parking
40 Spaces (16.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-0064-01-002 | Improvements Assessment | $205,290 |
| Land Assessment | $224,180 | Total Assessment | $429,470 |
PROPERTY TAXES
Parcel Number
01-0064-01-002
Land Assessment
$224,180
Improvements Assessment
$205,290
Total Assessment
$429,470
-
David Hoppe -
Ben McCarter -
Ben Olmstead -
Atlantic Capital Partners
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Freddy's Frozen Custard & Steakburgers | 1402 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.