Available

Freddy’s Frozen Custard & Steakburgers

13628 Washington Street | Kansas City, MO 64145

Price

$3,225,000

Cap Rate: 4.65%

Lead Broker

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Brand-new 15-year lease

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in Kansas City, Missouri. The absolute triple net Freddy’s property has a brand-new 15-year lease. The lease has 10% rental increases every five years in the primary term and renewal options. It is operated and guaranteed by M&M Custard, the third largest Freddy’s franchisee.

The property is located in Kansas City, the most populous city in Missouri. It sits in an extremely affluent area with average annual household incomes of approximately $180,000 within three miles. The Freddy’s property is strategically located across the street from a Target-anchored development and from a Walmart Supercenter. Additional retailers in the immediate corridor include Lowe’s, Michael’s, Petco, CVS, World Market, Bank of America, and Suburban Law & Garden.

Investment Highlights

  • Brand-new 15-year lease
  • 10% rental increases every five years in primary term and renewal options
  • Absolute triple net lease with no landlord responsibilities
  • Operated and guaranteed by M&M Custard, the 3rd largest Freddy’s franchisee
  • Newly renovated building
  • 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)

Location Highlights

  • Located in Kansas City, the most populous city in Missouri
  • Extremely affluent area with average annual household incomes of approximately $180,000 within three miles
  • Strategically located across the street from a Target-anchored development and from a Walmart Supercenter
  • Additional retailers in the immediate corridor include Lowe’s, Michael’s, Petco, CVS, World Market, Bank of America, and Suburban Lawn & Garden
  • Positioned at a signalized intersection with over 30,000 VPD
  • Approximately 150,000 people living within five miles
  • Immediate proximity to numerous country clubs including Blue Hills Country Club, Country Club of Leawood, Hallbrook Country Club, and Nicklaus Golf Club at Lionsgate

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031