Pictures of Retail property located at 305 W Commerce St, Brownwood, TX 76801 for sales - image #1

Pictures of Retail property located at 305 W Commerce St, Brownwood, TX 76801 for sales - image #2

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Freddy's Frozen Custard & Steakburgers

Retail | 5.50% CAP | 2,404 SF

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Drew Duncan
PRO
License: TX 9007104
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Jacob Mace
PRO
License: TX 764171
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Asking Price: $2,909,095

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Address

305 W Commerce St, Brownwood, TX 76801

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Date Added

Dec 9, 2024

Days on Market

100 days

Time Since Last Update

58 days

Details

Property TypeRetail

SubtypeQSR/Fast Food

Investment TypeNet Lease

Lease TypeAbsolute NNN

Tenant CreditFranchisee, Corporate Guarantee

TenancySingle

Brand/TenantStarbucks, Taco Bell, Burger King, McDonald's, Wendy's, Chick-fil-A, Chipotle, Popeyes, KFC, Panera Bread, Raising Cane's, Dairy Queen, Culver's, Freddy's Frozen Custard & Steakburgers

Lease Term20 years

Lease Commencement12/31/2024

Lease Expiration12/30/2044

Remaining Term19.8 years

Square Footage2,404

Price/Sq Ft$1,210.11

Cap Rate5.50%

Occupancy100%

NOI$160,000

Units1

Year Built1987

Year Renovated2023

Buildings1

Lot Size (acres)0.6

Rent Bumps7.5% Every 5 Years

Lease OptionsFour (4), 5-Year; 7.5%

OwnershipFee Simple

Marketing Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Freddy’s Frozen Custard & Steakburgers in Brownwood, TX. The subject property is a new development and has a strong franchise guaranty by Ram-Z Restaurant Group. It is an outparcel to Walmart and is situated around national retailers.

Property Website: https://trinityreis.com/properties/property/?title=Freddy%27s%20Frozen%20Custard%20&%20Steakburgers&id=1432443

Investment Highlights

New Development Freddy's Frozen Custard & Steakburgers
20-Year Absolute NNN Lease With Zero Landlord Responsibilities
7.5% Rental Increase Every 5 Years That Occurs Throughout Current Term and Options
Outparcel to Walmart Supercenter and Situated Around National Retailers, Apartments, and Schools Generating Additional Traffic to the Area
24,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
Located Along US Hwy 67 Generating 18,700 Vehicles Passing in Front of Subject Property per day
Strong Franchise Guaranty by Ram-Z Restaurant Group, With all 67 Units Backing the Lease