Freddy's Frozen Custard & Steakburgers | 301 Doug Baker Blvd
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 301 Doug Baker Blvd
3,593 SF Retail Building Hoover, AL 35242 $1,913,000 ($532/SF) 5.75% Cap Rate
Investment Highlights
- Located in Birmingham, the largest MSA in Alabama
- Absolute triple net lease with no landlord responsibilities
- Strategic outparcel to a Publix, Hobby Lobby, Dick’s Sporting Goods, andAMC Theater anchored development
- New 20-year lease with 2% annual rental increases
- Extremely affluent area with average annual household income of over $173,000within three miles
- Positioned off U.S. 280 (50,000+ VPD)
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant Freddy’s Frozen Custard & Steakburgers sale leaseback property located in Birmingham, AL. The property is in an extremely affluent area and is strategically positioned as an outparcel to a Publix, Hobby Lobby, Dick’s Sporting Goods, and AMC Theater anchored development. The average annual household income is over $173,000 within three miles of the Freddy’s property.
The twenty-year absolute triple net lease will feature 2% annual rental increases. The lease will be guaranteed by Bama Custard & Bama Custard 2, which operates seven Freddy’s locations in Alabama, and is controlled by ERC Hospitality. ERC Hospitality is the 5th largest Freddy’s franchisee operating 33 Freddy’s locations (across Alabama, Colorado, Texas, and New Mexico) with 4 additional restaurants in development. Freddy’s Frozen Custard & Steakburgers is one of the fastest growing chains in
the U.S. and operates over 515 locations across the country.
The twenty-year absolute triple net lease will feature 2% annual rental increases. The lease will be guaranteed by Bama Custard & Bama Custard 2, which operates seven Freddy’s locations in Alabama, and is controlled by ERC Hospitality. ERC Hospitality is the 5th largest Freddy’s franchisee operating 33 Freddy’s locations (across Alabama, Colorado, Texas, and New Mexico) with 4 additional restaurants in development. Freddy’s Frozen Custard & Steakburgers is one of the fastest growing chains in
the U.S. and operates over 515 locations across the country.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,593 SF
Year Built
2016
Price
$1,913,000
Price Per SF
$532
Cap Rate
5.75%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-3-05-0-001-030-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $270,820 |
PROPERTY TAXES
Parcel Number
09-3-05-0-001-030-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$270,820
-
Zach Wright -
Brandon Wright -
The Boulder Group
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Freddy's Frozen Custard & Steakburgers | 301 Doug Baker Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.