COLUMBIA, MO – [July 17, 2023] – Blue West Capital has completed the sale of a single tenant Freddy’s Frozen Custard & Steakburgers property located at 3922 South Providence Road in Columbia, MO for $2,086,957. Zach Wright and Brandon Wright exclusively represent the seller in the transaction. The seller was a private investor and the purchaser was a California-based 1031 exchange buyer. This was the 7th Freddy’s Frozen Custard & Steakburgers property sold nationally by Blue West Capital in the past 10 months and 3rd in Missouri. Blue West Capital has sold the 4 lowest cap rates ever recorded nationally for Freddy’s properties according to CoStar.
The Freddy’s Frozen Custard & Steakburgers property features a long-term lease with 10% rental increases every 5 years. The lease is guaranteed by M&M Custard, which is the 3rd largest Freddy’s franchisee. Freddy’s has approximately 450 locations and was the 8th Fastest Growing Chain in the U.S., according to Technomic.
The property is strategically located along South Providence Road, the area’s primary north-south thoroughfare and just south of the University of Missouri (31,000+ students). Columbia is the fastest growing city in Missouri and there’s approximately 110,000 people living within a 5-mile radius of the property. Nearby retailers include Walmart Supercenter, Hy-Vee, Kohl’s, O’Reilly Auto Parts, McDonald’s, Taco Bell, Wendy’s and JOANN Fabrics and Crafts.
In addition to unparalleled burgers, frozen custard, and overall dining experience, Freddy’s offers excellent real estate investment opportunities. Most of their restaurants are well-located in dynamic retail trade areas and feature long-term net leases backed by strong franchisees. We continue to see substantial investor interest in Freddy’s propertiesZach Wright, Director & Partner
We have an extensive track record of assisting Western-based investors acquire well-located Midwest properties for aggressive prices. This is the 3rd Freddy’s property in Missouri that we’ve sold in the past seven months to California-based investorsBrandon Wright, Associate
About Blue West Capital
Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single‐tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience.
For additional information, please visit www.BlueWestCapital.com.
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