Freddy's Frozen Custard & Steakburgers
Walmart Outparcel | 20-Yr NNN | Interstate 20 Interchange | Alabama | Sale Leaseback | 10% Increases
Marketing description
The Boulder Group is pleased to exclusively market for sale a single tenant Freddy’s Frozen Custard & Steakburgers sale leaseback property located in Pell City, AL (Birmingham MSA). The Freddy’s property is a strategic outparcel to a Walmart Supercenter and is located at the Interstate 20 and U.S. 231 interchange. The 3,241 square foot drive thru property was recently constructed in 2022.
The twenty-year absolute triple net lease will feature 10% rental increases every five years. 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 one of the largest Freddy’s franchisee operating 37 Freddy’s locations across Alabama, Colorado, Texas, and New Mexico. Freddy’s Frozen Custard & Steakburgers is one of the fastest growing chains in the U.S. and operates over 560 locations across the country.
Investment highlights
Located in the Birmingham MSA, the largest MSA in Alabama
New 20-year lease
10% rental increases every five years
Strategically positioned Walmart Supercenter outparcel with excellent visibility
Absolute triple net lease with no landlord responsibilities
Located along Interstate 20 (52,000 VPD) at the I-20 and U.S. 231 interchange
Regional retail destination that includes Walmart Supercenter, Home Depot, Hobby Lobby,
T.J. Maxx, Ross Dress For Less, Walgreens, Chick-fil-A, Cracker Barrel, and a brand-new high-end Planet Fitness
Recently constructed (2022) drive thru property
Freddy’s Frozen Custard & Steakburgers has over 560 locations and ranks in the Top 10 of the Fastest Growing Chains in the U.S.
Guarantor is an experienced franchisee and an entity controlled by one of the largest Freddy’s franchisee
Strong performing location (contact broker for details)
Lower price point for a STNL quick-service restaurant and Freddy’s Frozen Custard & Steakhouse property
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