Broomfield, CO
Price: $2,941,000
Cap Rate: 4.25%
Status: AVAILABLE

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Freddy’s Frozen Custard & Steakburgers
2300 Coalton Road | Broomfield, CO 80021

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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 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.

  • Located within the Denver MSA in an affluent and rapidly expanding area
  • Long term 15-year lease
  • 10% rental increases every five years 
  • 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
  • Additional retailers in the immediate trade area include Walmart Supercenter, Safeway, Walgreens, Chick-fil-A, and many others
  • 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
  • Strong performing location with a low rent-to-sales ratio and upward trending sales (contact broker for details)
  • Absolute triple net lease with no landlord responsibilities 
  • Immediate proximity to the Rocky Mountain Metropolitan Airport, a general aviation airport with substantial corporate traffic
  • Strategically positioned ten miles southeast of Boulder and twenty miles northwest of downtown Denver, and along U.S. 36, the main highway connecting Boulder to Denver
  • 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: $2,941,000
Cap Rate: 4.25%

Building Size: 3,518 SF
Land Size:
60,393 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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2022-07-01T13:21:12-07:00
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