Freddy's
Saint Peters, MO 63376
Brand New NNN- PAD to Home Depot/Target · Retail Property For Sale

We are pleased to offer to qualified investors an absolute NNN investment that is 100% leased as a Freddy’s Frozen Custard & Steakburgers on a brand new 15 year lease. This lease includes an effective inflation hedge with CPI increases (2% min. - 10% max.) every 5 years including the 4 - 5 year options. Exceptionally located just off the Cave Springs Rd. exit of I-70 in the affluent St. Peter’s suburb of St. Louis, MO; the subject property benefits from strong real estate fundamentals and great surrounding demographics (low downside risk) with 73,057 residents and an AHHI of $83,126 each within a 3-mile radius. This brand new 2018 prototype location with a drive-thru, is leased to a strong operator, M&M Custard, LLC, which is rapidly expanding and guarantees the lease. This franchisee currently operates nine open locations and this will the tenth. The operator has a strong resume and extensive experience with growing franchisees and nationally recognized brands. This is an excellent opportunity to acquire a brand new 2018 construction, single tenant drive-thru QSR tenant, named to Inc. Magazine’s “Fastest Growing Private Companies,” with irreplaceable freeway visibility, in Money Magazine’s “Top 100 Best Places to Live in the U.S.” with zero landlord responsibilities