Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in the Denver MSA. This Freddy’s sale leaseback features a 15-year absolute triple net lease that includes 10% rental increases every five years. This is a strong performing Freddy’s location with a low rent-to-sales ratio. The lease is guaranteed by ERC Development, LLC, a 16-unit operator with locations throughout the Denver MSA. Freddy’s has approximately 450 locations and is one of the fastest growing restaurant chains in the US.
The property is strategically positioned as an outparcel to a 685K SF development featuring Target, 24 Hour Fitness, Ross Dress For Less, HomeGoods, Marshalls, Sierra, and many other national and local retailers. The Freddy’s is positioned just west of the major interchange of East Arapahoe Road and South Parker Road (140,000 VPD). There are over 235,000 people living within five miles of the property. The surrounding area is affluent with average annual household incomes of $137,000 within three miles. The property is positioned approximately three miles from Centennial Airport, six miles from the Denver Tech Center, and nineteen miles from Downtown Denver.
This property can be purchased individually or as a part of an eight-property portfolio. Download the portfolio flyer for details on the other available Freddy’s Frozen Custard Properties in the Denver MSA.