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 Target within a retail trade area that also includes Walmart Supercenter, Home Depot, Kohl’s, Best Buy, Safeway, Hobby Lobby, Bed Bath & Beyond, Natural Grocers, and numerous other national and regional retailers in the immediate area. The surrounding area is rapidly expanding area with over 3% projected annual population growth within one mile. Average annual household incomes are approximately $139,000 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.