Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$2,074,285
Freddy's Frozen Custard - Albuquerque NM
Details
APN 1-020-056-482-003-1-18-03
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,264
Cap Rate 7%
NOI $145,200
Occupancy 100%
Tenancy Single
Brand/Tenant Freddy's Frozen Custard & Steakburgers
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/01/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Class A
Year Built 2014
Buildings 1
Acreage 1.190
Zoning Mixed Use High Intensity
Parking Spaces 73 spaces
Parking per 1,000 SqFt 22.37
Investment Type Net Lease
Lease Commencement 12/01/2014
Ground Lease No
Ownership Fee Simple
Absolute NNN | 11+ Year Operating History | Low, Replaceable Rent
Investment highlights
- 11+ Year Operating History | 10% Rent Increases | Strong Franchisee | Options to Extend | Large Parcel | Replaceable Rent | Strong Sales
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Off Signalized, Hard Corner Intersection | 1.19 AC Parcel | Surrounding Retailers | Replaceable Rent | Main Retail Corridor
- Freddy’s Recently Acquired by Rhône | Growing Franchisee Program
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$145,200.00
$12,100.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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