Freddy's Steakburgers - Casa Grande, AZ
2,800 SF | Retail Building | Casa Grande, AZ 85122 | $3,010,000 ($1,075/SF) | 5.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,010,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,800 SF
- Price / Square Foot
- $1,075
Listing Contacts
Joseph Compagno
Verified Profile
Ben Farthing
Verified Profile
Logan Grant
Verified Profile
- Property Info
Property Overview
- Single-tenant Freddy’s Frozen Custard and Steakburgers investment opportunity, offering a brand new 20-year absolute triple-net (NNN) lease with 10% rental increases every five years and four (4), five (5) year option periods.
- Freddy’s has more than 500 restaurants nationwide and is ranked #8 on the Restaurant Business list of the 10 Fastest Growing Chains in the United States.
- The franchisee, Dr. Lohnes, has 14 locations in Arizona with 4 under development/construction.
- The property sits on a large ±1.26-acre parcel.
- The property is well-located on Florence Blvd (ADT: ±26,691) and is just West of the I-10 freeway, the primary travel route connecting the Phoenix and Tucson metropolitan areas (ADT: ±59,899) (Source: ADOT, 2022).
- Approximately 2 minutes west of the property is the Banner Health Casa Grande Medical Center, a full-service hospital with 177 private rooms and ±625 employees (Source: bannerhealth.com).
- Approximately 5 miles West of the property is the Arizona factory of electric vehicle maker Lucid Motors, currently expanding to more than 3.85 million square feet, as well as Tractor Supply’s Casa Grande Distribution Center.
- Nearby national retailers include Walmart Supercenter, Home Depot, Lowe’s, Fry’s (Kroger), Harkins Theaters, Kohl’s, Dillard’s, Tractor Supply Co, CVS, Walgreens, QuikTrip, Dutch Bros Coffee, and many more.
- Freddy’s has more than 500 restaurants nationwide and is ranked #8 on the Restaurant Business list of the 10 Fastest Growing Chains in the United States.
- The franchisee, Dr. Lohnes, has 14 locations in Arizona with 4 under development/construction.
- The property sits on a large ±1.26-acre parcel.
- The property is well-located on Florence Blvd (ADT: ±26,691) and is just West of the I-10 freeway, the primary travel route connecting the Phoenix and Tucson metropolitan areas (ADT: ±59,899) (Source: ADOT, 2022).
- Approximately 2 minutes west of the property is the Banner Health Casa Grande Medical Center, a full-service hospital with 177 private rooms and ±625 employees (Source: bannerhealth.com).
- Approximately 5 miles West of the property is the Arizona factory of electric vehicle maker Lucid Motors, currently expanding to more than 3.85 million square feet, as well as Tractor Supply’s Casa Grande Distribution Center.
- Nearby national retailers include Walmart Supercenter, Home Depot, Lowe’s, Fry’s (Kroger), Harkins Theaters, Kohl’s, Dillard’s, Tractor Supply Co, CVS, Walgreens, QuikTrip, Dutch Bros Coffee, and many more.
Property Details
- Year Built
- 2024
- Stories
- 1
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