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Restaurant

Andy’s Frozen Custard | Corporate Guaranteed Lease w/ 12+ Years Remaining | Fort Worth, TX

5328 McPherson Blvd, Fort Worth, TX 76123

Listing Price: $2,893,600

Cap Rate
4.70%
Tenant Name
Andy's Frozen Custard Stores, LLC
Years Remaining On Lease
12.1
Gross SF
2,000
Guarantor
Corporate Guarantee
Rentable SF
2,000
Price/Gross SF
$1,446.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.00

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. Fort Worth is the fifth-largest city in Texas and the 13th-largest city in the United States. The county seat of Tarrant County, Fort Worth spans 350 square miles and is home to an estimated 2022 population of 958,692 residents. Fort Worth is a principal city of the Dallas/Fort Worth Metroplex, which is the fourth-most populous metropolitan area in the United States.

Investment Highlights

  • 12 Years Remaining on Absolute Triple-Net (NNN) Lease
  • Eight Percent Rental Increases Every Five Years
  • 170,349 Residents Within a Five-Mile Radius - Dense Fort Worth Infill
  • Immediate Area is Experiencing Significant Growth - Population and Households Projected to Increase Over 25 Percent Within a One-Mile Radius by 2026
  • Situated Within the Chisholm Trail Ranch Master-Planned Community
  • Surrounded by New Retail and Residential Developments
  • Across from the Shops at Chisholm Trail, a 35-Acre / 250,000-Square-Foot Retail, Dining, and Entertainment Destination - Studio Movie Grill, Chick-fil-A, Old Navy, Ross, and More
  • Adjacent to The Crossing at Chisholm Trail Ranch (In Development) - Future Tenants Include Chili's, Raising Cane's, Starbucks, and Chase Bank

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Andy’s Frozen Custard | Corporate Guaranteed Lease w/ 12+ Years Remaining | Fort Worth, TX

Listing Price: $2,893,600

Cap Rate
4.70%
Tenant Name
Andy's Frozen Custard Stores, LLC
Years Remaining On Lease
12.1
Gross SF
2,000
Guarantor
Corporate Guarantee
Rentable SF
2,000
Price/Gross SF
$1,446.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.00

Investment Highlights

  • 12 Years Remaining on Absolute Triple-Net (NNN) Lease
  • Eight Percent Rental Increases Every Five Years
  • 170,349 Residents Within a Five-Mile Radius - Dense Fort Worth Infill
  • Immediate Area is Experiencing Significant Growth - Population and Households Projected to Increase Over 25 Percent Within a One-Mile Radius by 2026
  • Situated Within the Chisholm Trail Ranch Master-Planned Community
  • Surrounded by New Retail and Residential Developments
  • Across from the Shops at Chisholm Trail, a 35-Acre / 250,000-Square-Foot Retail, Dining, and Entertainment Destination - Studio Movie Grill, Chick-fil-A, Old Navy, Ross, and More
  • Adjacent to The Crossing at Chisholm Trail Ranch (In Development) - Future Tenants Include Chili's, Raising Cane's, Starbucks, and Chase Bank

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. Fort Worth is the fifth-largest city in Texas and the 13th-largest city in the United States. The county seat of Tarrant County, Fort Worth spans 350 square miles and is home to an estimated 2022 population of 958,692 residents. Fort Worth is a principal city of the Dallas/Fort Worth Metroplex, which is the fourth-most populous metropolitan area in the United States.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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