

FREDDY'S (20 YR. ABSOLUTE NNN) - AMELIA, OH
Retail | 6.25% CAP | 3,644 SqFt
Marketing description
Freddy’s Frozen Custard has 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
The Asset is Positioned on a large ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia) with traffic counts of 28,616 CPD! It is Retailers within 5 miles include Walmart, Target, Lowe’s, Home Depot, T.J. Maxx, Burlington, Gabe’s, Dick’s Sporting Goods, Sportsman’s Warehouse, Rally House, DSW, Shoe Carnival, Big Lots, HomeGoods, Best Buy, Michaels, Five Below, Popshelf, Staples, Half Price Brooks, Ulta Beauty, Sally Beauty, Ace Hardware, Harbor Freight Tools, PetSmart, Petco, ALDI, Kroger, Grocery Outlet, Family Dollar, Dollar Tree, Walgreens, and CVS. It is 4 miles from University of Cincinnati Clermont - a public university offering various associate degrees and certificates serving 3,091 students (Fall 2024); 13 miles from Northern Kentucky University - a public university offering numerous majors & master’s programs with 14,985 students; 6 miles from Mercy Health - Anderson - a 286-acute care bed, full-service hospital providing inpatient, outpatient & ancillary health care services with 36 emergency department beds, 20 ICU beds, 30 obstetric beds & is classified as a Level 2 NICU; 9 miles from Mercy Health - Clermont - a 177-bed hospital specializing in 24-hour emergency care, cardiology, oncology, pulmonary, & sports medicine services
Investment highlights
- LONG -TERM LEASE - 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
- OPERATOR | TENANT - Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
- HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia) with traffic counts of 28,616 CPD!
- 2025 VERY AFFLUENT DEMOGRAPHICS: Population: 94,656 & Average Household Income: $112,599
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