FREDDY’S FROZEN CUSTARD & STEAKBURGERS 1701 Capps Lndg

Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in Opelika, AL: One of the Fastest Growing MSAs in Alabama. This Freddy’s sale-leaseback 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.
The Subject property is ideally positioned in Opelika’s primary commercial corridor and benefits from its strategic positioning near both the Tiger Town Power Center and Opelika Marketplace. Additionally, the site is positioned on the game-day traffic route and is within proximity to major economic demand drivers and proximate to Auburn University (±5-miles southwest), the Central Business District of Opelika (±1.5 miles northeast), and East Alabama Medical Center (±1.5 miles).
The Property serves an expanded trade area that benefits from strong demographics with a population of 111,193 residents and an average household income of $72,157\ within a 10-mile radius.
This property can be purchased individually or as a part of an 13-property portfolio.