Famous Dave's BBQ - 15 Year Lease Renewal
Absolute NNN | Recent 15 Year Renewal
Marketing description
This offering presents an opportunity to acquire a net-leased Famous Dave’s BBQ property featuring a brand-new 15-year lease renewal, demonstrating the tenant’s long-term commitment to the location and providing investors with stable, predictable cash flow. Famous Dave’s is a nationally recognized restaurant brand with a loyal customer base and decades of operating history. Strategically positioned along a strong retail corridor with excellent visibility, accessibility, and traffic exposure, the property benefits from consistent consumer demand and a proven operating location. The long-term lease structure offers a passive investment opportunity with limited landlord responsibilities, while the established brand presence and renewed commitment help support the asset’s long-term value and income stability.
Investment highlights
Tenant recently renewed their lease for a 15-Year Term Showing Strong Commitment to the location
Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream
Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability
Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy
High Visibility & Access – Excellent frontage on a major thoroughfare with easy ingress/egress
Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base
Attractive Cap Rate – Competitive return for a stable, long-term investment
Recession-Resistant Tenant: Famous Dave’s has a proven track record of success, offering a stable investment even in fluctuating economic conditions
Well-Maintained Property: Modern building with recent upgrades and strong operational history, minimizing near-term capital expenditures
Thriving Retail Corridor: Located in a high-traffic commercial district with national retailers, grocery stores, and complementary restaurants, ensuring strong consumer draw
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