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

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Freddy’s Frozen Custard & Steakburgers
11140 South Twenty Mile Road | Parker, CO 80134

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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 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.

  • Located within the Denver MSA in an affluent and rapidly expanding area
  • Long term 15-year lease
  • 10% rental increases every five years
  • 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
  • Rapidly expanding area with over 3% projected annual population growth within one mile 
  • Low rent-to-sales ratio and upward trending sales (contact broker for details)
  • Absolute triple net lease with no landlord responsibilities
  • Average annual household incomes are approximately $139,000 within five miles
  • Positioned in the immediate proximity to Downtown Parker’s Mainstreet
  • 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: 3,785 SF
Land Size:
47,523 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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2022-07-01T13:20:28-07:00
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