Parker, CO
Price: $2,353,000
Cap Rate: 4.25%
Status: AVAILABLE

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Freddy’s Frozen Custard & Steakburgers
18424 Cottonwood Drive | Parker, CO 80138

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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 as an outparcel to a Costco & Trader Joes anchored development.  Average annual household incomes exceed $141,000 and there is projected 2%+ annual population growth within five miles of the Freddy’s. The property is located along South Parker Road (59,000 VPD) and just north of C-470. The is a rare low price point for a new construction QSR property in the Denver MSA.

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 
  • Strategically positioned outparcel to a Costco and Trader Joe’s anchored development 
  • Additional retailers in the immediate area include King Soopers Marketplace, Life Time Fitness, Sportsman’s Warehouse, Boondocks Food & Fun, Raising Cane’s, Chipotle, and Chick-fil-A
  • Average annual household incomes exceed $141,000 and there is projected 2%+ annual population growth within five miles of the property
  • Located along South Parker Road (59,000 VPD) and just north of C-470 
  • Low rent-to-sales ratio and upward trending sales (contact broker for details)
  • Rare low price point for a new construction QSR property in the Denver MSA 
  • Absolute triple net lease with no landlord responsibilities
  • Immediate proximity to Parker Adventist Hospital, a 170-bed facility with over 1,230 staff
  • 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: $2,353,000
Cap Rate: 4.25%

Building Size: 3,542 SF
Land Size:
55,843 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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2022-07-01T13:21:52-07:00
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