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Restaurant

Freddy's Ground Lease | New Construction

590 Sam Ridley Pkwy W, Smyrna, TN 37167

Listing Price: $2,000,000

Cap Rate
5.25%
Tenant Name
Freddy's
Years Remaining On Lease
13.7
Gross SF
2,510
Guarantor
Personal Guarantee
Rentable SF
2,510
Price/Gross SF
$796.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.83

Investment Overview

FREDDY’S FROZEN CUSTARD & STEAKBURGERS • 400+ LOCATIONS IN 30+ STATES • $630+ MILLION COMPANYWIDE SALES IN 2020 • 8TH FASTEST GROWING U.S. CHAIN IN 2021 • SYSTEM-WIDE SALES GROWTH OF 17.8% IN 2021 • 50+ NEW LOCATIONS PLANNED FOR 2022 • EXPECTING TO DOUBLE ITS FOOTPRINT WITH 800 LOCATIONS BY 2026

Investment Highlights

  • BRAND NEW 2021 CONSTRUCTION
  • 15-YEAR NNN GROUND LEASE | 14 YEARS REMAINING
  • 10% RENTAL INCREASES EVERY 5 YEARS
  • STRONG STORE SALES, HEALTHY RENT-TO-SALES RATIO | CONTACT AGENT
  • PERSONAL GUARANTY FROM OPERATOR
  • EXPLOSIVE AREA | 109,000+ 5-MILE POPULATION
  • SAM RIDLEY PARKWAY LOCATION | 54,101 VPD

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Freddy's Ground Lease | New Construction

Listing Price: $2,000,000

Cap Rate
5.25%
Tenant Name
Freddy's
Years Remaining On Lease
13.7
Gross SF
2,510
Guarantor
Personal Guarantee
Rentable SF
2,510
Price/Gross SF
$796.81
Lease Type
NNN Ground Lease
Rent Per Square Feet
$41.83

Investment Highlights

  • BRAND NEW 2021 CONSTRUCTION
  • 15-YEAR NNN GROUND LEASE | 14 YEARS REMAINING
  • 10% RENTAL INCREASES EVERY 5 YEARS
  • STRONG STORE SALES, HEALTHY RENT-TO-SALES RATIO | CONTACT AGENT
  • PERSONAL GUARANTY FROM OPERATOR
  • EXPLOSIVE AREA | 109,000+ 5-MILE POPULATION
  • SAM RIDLEY PARKWAY LOCATION | 54,101 VPD

Investment Overview

FREDDY’S FROZEN CUSTARD & STEAKBURGERS • 400+ LOCATIONS IN 30+ STATES • $630+ MILLION COMPANYWIDE SALES IN 2020 • 8TH FASTEST GROWING U.S. CHAIN IN 2021 • SYSTEM-WIDE SALES GROWTH OF 17.8% IN 2021 • 50+ NEW LOCATIONS PLANNED FOR 2022 • EXPECTING TO DOUBLE ITS FOOTPRINT WITH 800 LOCATIONS BY 2026

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
MM Textured Background Lower