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Restaurant

Andy's Frozen Custard | Strong Growth Nashville Suburb | Non-Income Tax State

4307 Franklin Rd, Murfreesboro, TN 37128

Listing Price: $3,965,940

Cap Rate
5.00%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.5
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,643.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$132.20

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2016, Falcon Custard is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Nashville, Tennessee Area. Including the subject property, Falcon Custard operate a total of four Andy's in Tennessee, with plans to open three more by 2024. Murfreesboro is a city in and the county seat of Rutherford County, Tennessee. Situated in the Nashville metropolitan area in a region known as Middle Tennessee, the city is home to an estimated 152,770 residents. The city is the largest suburb of Nashville and the sixth-largest city in the state. Since the 1990's, Murfreesboro has been Tennessee's fastest-growing major city and one of the fastest-growing cities in the country. It is home to Middle Tennessee State University, the largest undergraduate university in Tennessee.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • Four Unit Franchisee with Plans to Open Three More Locations by 2024
  • Rapidly Growing Trade Area - Households Projected to Increase 29 Percent-Plus Within a One-Mile Radius by 2026
  • 101,452 Residents Within a Five-Mile Radius - Nashville MSA
  • Tennessee has no State Income Tax
  • Excellent Visibility and Easy Access Along Franklin Road (17,000-Plus Cars per Day) with Direct Access to the Interstate 24 Freeway (Two Miles) and Downtown Murfreesboro (Five Miles)
  • Adjacent to Market at Victory Village, Anchored by Publix Super Market

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Andy's Frozen Custard | Strong Growth Nashville Suburb | Non-Income Tax State

Listing Price: $3,965,940

Cap Rate
5.00%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.5
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,643.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$132.20

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • Four Unit Franchisee with Plans to Open Three More Locations by 2024
  • Rapidly Growing Trade Area - Households Projected to Increase 29 Percent-Plus Within a One-Mile Radius by 2026
  • 101,452 Residents Within a Five-Mile Radius - Nashville MSA
  • Tennessee has no State Income Tax
  • Excellent Visibility and Easy Access Along Franklin Road (17,000-Plus Cars per Day) with Direct Access to the Interstate 24 Freeway (Two Miles) and Downtown Murfreesboro (Five Miles)
  • Adjacent to Market at Victory Village, Anchored by Publix Super Market

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2016, Falcon Custard is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Nashville, Tennessee Area. Including the subject property, Falcon Custard operate a total of four Andy's in Tennessee, with plans to open three more by 2024. Murfreesboro is a city in and the county seat of Rutherford County, Tennessee. Situated in the Nashville metropolitan area in a region known as Middle Tennessee, the city is home to an estimated 152,770 residents. The city is the largest suburb of Nashville and the sixth-largest city in the state. Since the 1990's, Murfreesboro has been Tennessee's fastest-growing major city and one of the fastest-growing cities in the country. It is home to Middle Tennessee State University, the largest undergraduate university in Tennessee.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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