Freddy's Frozen Custard & Steakburgers

Sold

Freddy’s Frozen Custard & Steakburgers

Columbia, MO 65203

Price

$2,086,957

Cap Rate: 5.50%

Lead Broker

Zach Wright

720.966.1628 Zach@BlueWestCapital.com

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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 Columbia, Missouri. The absolute triple net Freddy’s property has a brand-new long-term 15-year lease. The lease has 10% rental increases every five years in the primary term and renewal options.

The property is located in Columbia, approximately two miles south of the University of Missouri. The affluent area has approximately 110,000 people living within five miles and average annual household incomes of $91,000. The property is centrally located within a retail destination that includes Walmart Supercenter, Hy-Vee, Kohl's, ALDI, Bank of America, O'Reilly Auto Parts, AutoZone, Panera, and many other national and local retailers.

Investment Highlights

Long-term lease with 15 years remaining
10% rental increases every five years
Absolute triple net lease with no landlord responsibilities
Operated and guaranteed by M&M Custard, the 3rd largest Freddy’s franchisee with 38 locations and growing
Rent is only $30.67/SF which is low for a QSR property leased to a national tenant
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)

3922 S Providence Road, Columbia, MO, 65203

Location Highlights

Located in Columbia approximately two miles south of the University of Missouri (31,000+ students)
Columbia is the fastest growing city and 4th largest city in Missouri
Affluent area with approximately 110,000 people living within five miles and average annual household incomes of $91,000
Centrally located within a retail destination that includes Walmart Supercenter, Hy-Vee, Kohl’s, ALDI, Bank of America, O’Reilly Auto Parts, AutoZone, Panera, and many other national and local retailers
Immediate proximity to Rock Bridge High School (2,000 students)
Located along S Providence Road (MO Hwy 163), the primary north-south thoroughfare in the area
Positioned just south of Faurot Field and Mizzou Arena