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 located in a strong retail trade area across the street from FlatIron Crossing, a 1,467,000 SF regional mall that includes Apple Store, Dillard’s, Macy’s, Dick’s Sporting Goods, The Container Store, and AMC Theaters. The property is in immediate proximity to corporate headquarters and large corporate campuses of several large publicly traded or Fortune 500 companies such as Ball, Vail Resorts, VMware Inc., Century Link, and Webroot. The Freddy’s is located ten miles southeast of Boulder and twenty miles northwest of downtown Denver, and along U.S. 36, the main highway connecting Boulder to 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.