Freddy's Frozen Custard & Steakburgers

Sold

Freddy’s Frozen Custard & Steakburgers

Lake St. Louis, MO 63367

Price

$3,281,000

Cap Rate: %

Lead Broker

Zach Wright

720.966.1628 Zach@BlueWestCapital.com

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located in Lake St. Louis, Missouri. The absolute triple net Freddy’s property has a brand-new 15-year lease and a brand-new high-end construction property featuring an all-brick building. The lease has 10% rental increases every five years in the primary term and renewal options.

The property is located in St. Charles County, the wealthiest county in Missouri, the third largest county in Missouri, and one of the fastest growing counties in the U.S. The Freddy’s property is strategically located within a regional retail destination that includes Walmart Supercenter, Lowe’s, Target, Schnucks, Dierbergs, ALDI, T.J. Maxx, and many other national and local retailers.

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
Brand-new high-end construction property featuring an all-brick building
Operated and guaranteed by M&M Custard, the 3rd largest Freddy’s franchisee
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)

1021 Southern Ridge Lane, Lake St. Louis, MO, 63367

Location Highlights

Located within the St. Louis MSA
Located in St. Charles County, the wealthiest county in Missouri, the third largest county in Missouri, and one of the fastest growing counties in the U.S.
Strategically located within a regional retail destination that includes Walmart Supercenter, Lowe’s, Target, Schnucks, Dierbergs, ALDI, T.J. Maxx, and many other national and local retailers
Affluent surrounding area with average annual household incomes of $143,000 within one mile
Positioned immediately south of Interstate 64 and Route 364 (Page Extension) interchange
Immediate proximity to both Liberty High School (2,000 students) and Timberland High School (1,850 students)