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FREDDY’S (NEAR UNIVERSITY) – NACOGDOCHES, TX 3720 North St
3,148 SF Retail Building Nacogdoches, TX 75965 $3,545,000 ($1,126/SF) 5.50% Cap Rate
Investment Highlights
- 19 Years Remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years
- Constructed to Freddy’s latest prototype - opened in October 2023. Located in dominant retail corridor
- Excellent drive-by visibility/access on North St where traffic counts exceeding 24,890 CPD!
- Ram-Z Custard, LLC owns & operates 67 locations which includes 33 Freddy’s restaurants, making it the 7th largest Freddy’s franchisee
- Situated on a large ±2.17-acre lot (across the street from AMC Theatre Anchored Retail Center)
- 2023 Demographics: 2023 Population: 36,196 & 2023 Average Household Income: $78,092
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
At Freddy’s, frozen custard is such a signature part of the menu that it’s included in the name. But surprisingly, the Freddy’s story doesn’t begin with dessert. It all started with a main course back in the 1950’s. Wichita, Kansas is a historical landmark in the hamburger’s march to prominence and home to WWII veteran Freddy Simon. The savory steakburger is inspired by the 50's style staple and reminiscent of an era focused on quality, cooked-to-order meals that bring families and loved ones together. Freddy’s sons Randy and Bill Simon, and accomplished restauranteur, Scott Redler, worked tirelessly to recreate the recipe that lived up to the timeless standards of their Father's generation. Today, thousands gather at Freddy’s for food and fellowship that fills their stomach and warms their soul.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 26420 | Improvements Assessment | $708,190 |
| Land Assessment | $362,390 | Total Assessment | $1,070,580 |
PROPERTY TAXES
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Kendall Carlsen -
Commercial Investment Advisors, INC
Presented by
FREDDY’S (NEAR UNIVERSITY) – NACOGDOCHES, TX | 3720 North St
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