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 positioned across the street from a Home Depot and in the immediate proximity to Lowe’s, King Soopers, 24 Hour Fitness, Walgreens, Planet Fitness, McDonald’s, Starbucks, and KeyBank. The Freddy’s is located just west of the heavily trafficked intersection of South Santa Fe Drive and West Belleview Avenue (98,000 VPD). The surrounding area is affluent with average annual household incomes of $110,000+ 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.