Littleton, CO
Price: $3,412,000
Cap Rate: 4.25%
Status: AVAILABLE

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Freddy’s Frozen Custard & Steakburgers
2660 West Belleview Avenue | Littleton, CO 80123

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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 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.

  • Located within the Denver MSA in an affluent and densely populated area
  • Long term 15-year lease
  • 10% rental increases every five years 
  • Located across the street from The Home Depot 
  • Densely populated area with approximately 100,000 people living within three miles
  • Positioned within a strong retail trade area that includes Lowe’s, King Soopers, Walgreens, Planet Fitness, McDonald’s, Starbucks, KeyBank, and many other national and regional retailers in the immediate area
  • Strong performing store with a low rent-to-sales ratio and upward trending sales (contact broker for details)
  • Absolute triple net lease with no landlord responsibilities
  • Located just west of the heavily trafficked intersection of South Santa Fe Drive and West Belleview Avenue (98,000 VPD) 
  • Affluent surrounding area with average annual household incomes of $110,000+ within five miles
  • 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: $3,412,000
Cap Rate: 4.25%

Building Size: 3,300 SF
Land Size:
36,774 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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2022-07-01T13:20:55-07:00
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