Freddy's Frozen Custard
1,338 SF | Retail Building | Lagrange, GA 30241 | $2,632,000 ($1,967/SF) | 5.70% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,632,000
- Property Type
-
Retail
- Square Feet
- 1,338 SF
- Price / Square Foot
- $1,967
Listing Contacts
Brenton Baskin
Verified Profile
Julius Swolsky
Verified Profile
Kevin Fitzpatrick
Verified Profile
- Property Info
Property Overview
Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Atlanta MSA. This Freddy’s sale leaseback features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth.
This property can be purchased individually or as part of an 6-property portfolio.
This property can be purchased individually or as part of an 6-property portfolio.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 36,590 SF
Highlights
- Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
- Long-Term 20-Year Lease | 10% Rental Increases Every Five Years
- Absolute Triple Net Lease with No Landlord Responsibilities
- Strategically Positioned Next to a Signalized Hard Corner as Outparcel to Walmart
- Additional Retailers Located Include Walmart Supercenter, Target, Home Depot, Publix, Sprouts, Kroger, And Many More
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