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. 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 in the rapidly expanding and affluent North Central Park neighborhood. Average annual household incomes are $160,000 and the population is projected to grow annually by 4.05% within one mile of the property. The property is one-half mile north of I-70 (181,000 VPD) and in the immediate proximity to The Shops at Northfield, a 1.1 million square foot shopping center anchored by Bass Pro Shop (only location in the Denver MSA), SuperTarget, Macy’s, JCPenney, and Harkins Theatres.
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.