Denver, CO
Price: $4,471,000
Cap Rate: 4.25%
Status: AVAILABLE

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Freddy’s Frozen Custard & Steakburgers
4952 Central Park Boulevard | Denver, CO 80238

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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. 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.

  • Located in Denver within the rapidly expanding and affluent North Central Park neighborhood
  • Long term 15-year lease
  • 10% rental increases every five years 
  • Average annual household incomes are $160,000 and the population is projected to grow annually by 4.05% within one mile of the property
  • 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
  • Top performing location with a low rent-to-sales ratio (contact broker for details)
  • Located along Central Park Blvd one-half mile north of Interstate 70 (181,000 VPD)
  • Absolute triple net lease with no landlord responsibilities
  • Positioned 1.5 miles south of Dick’s Sporting Goods Park, home to the Colorado Rapids and numerous concerts annually 
  • Immediate proximity to Northfield High School and DSST High School
  • 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: $4,471,000
Cap Rate: 4.25%

Building Size: 3,919 SF
Land Size:
41,038 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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2022-07-01T13:20:41-07:00
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