Brighton, CO
Price: $4,353,000
Cap Rate: 4.25%
Status: AVAILABLE

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Freddy’s Frozen Custard & Steakburgers
2203 Prairie Center Parkway | Brighton, CO 80601

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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 top performing Freddy’s location with a low rent-to-sales ratio and very strong opening. 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 the Prairie Center, an open & entitled phased development featuring 2 million SF of retail and 3,000 residential units presently anchored by Target, Home Depot, Kohl’s, Dick’s Sporting Goods, and Ross Dress For Less. The Freddy’s is located in the immediate proximity to Interstate 76 and the Platte Valley SCL Health Medical Center, an 89-bed regional hospital. The surrounding area is affluent area with average annual household incomes in excess of $106,000 within five miles

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.

  • Located within the Denver MSA in an affluent and rapidly expanding area
  • Long term 15-year lease
  • 10% rental increases every five years 
  • Strategically positioned outparcel to the Prairie Center, an open & entitled phased development featuring 2 million SF of retail and 3,000 residential units presently anchored by Target, Home Depot, Kohl’s, Dick’s Sporting Goods, and Ross Dress For Less
  • Additional retailers in the Prairie Center and nearby include Office Depot, PetSmart, Ulta, Chick-fil-A, Chipotle, and many others 
  • Located in the immediate proximity to Platte Valley SCL Health Medical Center, an 89-bed regional hospital
  • Immediate proximity to Interstate 76
  • Absolute triple net lease with no landlord responsibilities 
  • Brand-new construction (2021)
  • Strong performing location with high opening sales volumes (contact broker for details)
  • Affluent area with average annual household incomes in excess of $106,000 within five miles 
  • Freddy’s Frozen Custard & Steakburgers has approximately 450 locations and ranked #8 as the Fastest Growing Chains in the U.S. (according to Technomic 2021)

OFFERING SUMMARY

Price: $4,353,000
Cap Rate: 4.25%

Building Size: 3,050 SF
Land Size:
42,321 SF

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-07-01T13:21:25-07:00
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