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FREDDY'S - (69 UNIT GUARANTY) CINCINNATI, OH 3939 Red Bank Rd

3,607 SF Retail Building Cincinnati, OH 45227 $2,917,000 ($809/SF) 6% Cap Rate

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Investment Highlights

LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
6th largest Freddy’s franchisee in the U.S
Traffic counts of 48,087 CPD!

OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd
2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,607 SF

Building Class

Year Built

2016

Price

$2,917,000

Price Per SF

$809

Cap Rate

NOI

$175,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.79 AC

Zoning

Parking

38 Spaces

Frontage

50 FT on Red Bank Road

Amenities

Restaurant

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired us to do everything The Freddy's Way.