Restaurant

Freddy's Frozen Custard & Steakburgers

930 N Earl Rudder Fwy, Bryan, TX 77802

Listing Price: $2,640,000

Cap Rate
6.00%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
10.20
Guarantor
Franchisee Guarantee
Rentable SF
3,814
Lease Type
Absolute Net
Rent Per Square Feet
$41.53

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Freddy’s Frozen Custard & Steakburgers a single-tenant property located at 930 North Earl Rudder Freeway, Bryan, Texas 77808. The subject property is comprised of 3,814 square feet and was built in 2012. The building sits on a large 1.03 Acre lot with frontage on North Earl Rudder Freeway that oversees 60,000+ Vehicles Per Day. Wildcat Steakburgers, LLC a 25-unit guarantee operates on an Absolute-Net lease with 10-years remaining. The original 15-year lease has 10% increases every 5-years and Three, 5-year options to extend. Freddy’s Frozen Custard & Steakburgers is a leading fast casual restaurant franchise concept with more than 370 locations across 32 states. Co-founded in 2002 by Scott Redler and Freddy Simon, Freddy’s opened its first location in Wichita, Kansas, offering a unique combination of cooked-to-order Steakburgers seasoned with Freddy’s Famous Steakburger & Fry Seasoning, Vienna Beef Hot Dogs, Shoestring fries paired with Freddy’s Famous Fry Sauce and frozen custard that is freshly churned throughout the day in each restaurant. HCI Hospitality (Wildcat Steakburgers, LLC) HCI Hospitality opened its first Freddy’s Frozen Custard and Steakburgers restaurant in Junction City, Kansas on July 14, 2010. Less than 1 week later, its second location opened in Lawrence, KS. Ever since, HCI has been expanding the Freddy’s brand, with locations in Nebraska, Iowa, Texas, North Carolina, South Carolina, and Virginia. HCI embraces the Freddy’s brand because of the values and timelessness associated with Freddy’s – a homegrown Kansas brand, by the way! The hard work and dedication that goes into creating the perfect smashed Steakburger or smooth and creamy custard perfectly reflects HCI’s goals and vision.

Investment Highlights

  • Long Term Passive Income | 10-Years Remaining on the 15-Year Absolute-Net Lease with Zero Landlord Responsibilities
  • Excellent Access / Visibility: Located Just off of North Earl Rudder Freeway, Overseen by 60,000+ Vehicles Per Day
  • Strong Franchisee Guaranty: Leased by Wildcat Steakburgers, LLC an Experienced 25-Unit Operator

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Restaurant

Freddy's Frozen Custard & Steakburgers

Listing Price: $2,640,000

Cap Rate
6.00%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
10.20
Guarantor
Franchisee Guarantee
Rentable SF
3,814
Lease Type
Absolute Net
Rent Per Square Feet
$41.53

Investment Highlights

  • Long Term Passive Income | 10-Years Remaining on the 15-Year Absolute-Net Lease with Zero Landlord Responsibilities
  • Excellent Access / Visibility: Located Just off of North Earl Rudder Freeway, Overseen by 60,000+ Vehicles Per Day
  • Strong Franchisee Guaranty: Leased by Wildcat Steakburgers, LLC an Experienced 25-Unit Operator

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Freddy’s Frozen Custard & Steakburgers a single-tenant property located at 930 North Earl Rudder Freeway, Bryan, Texas 77808. The subject property is comprised of 3,814 square feet and was built in 2012. The building sits on a large 1.03 Acre lot with frontage on North Earl Rudder Freeway that oversees 60,000+ Vehicles Per Day. Wildcat Steakburgers, LLC a 25-unit guarantee operates on an Absolute-Net lease with 10-years remaining. The original 15-year lease has 10% increases every 5-years and Three, 5-year options to extend. Freddy’s Frozen Custard & Steakburgers is a leading fast casual restaurant franchise concept with more than 370 locations across 32 states. Co-founded in 2002 by Scott Redler and Freddy Simon, Freddy’s opened its first location in Wichita, Kansas, offering a unique combination of cooked-to-order Steakburgers seasoned with Freddy’s Famous Steakburger & Fry Seasoning, Vienna Beef Hot Dogs, Shoestring fries paired with Freddy’s Famous Fry Sauce and frozen custard that is freshly churned throughout the day in each restaurant. HCI Hospitality (Wildcat Steakburgers, LLC) HCI Hospitality opened its first Freddy’s Frozen Custard and Steakburgers restaurant in Junction City, Kansas on July 14, 2010. Less than 1 week later, its second location opened in Lawrence, KS. Ever since, HCI has been expanding the Freddy’s brand, with locations in Nebraska, Iowa, Texas, North Carolina, South Carolina, and Virginia. HCI embraces the Freddy’s brand because of the values and timelessness associated with Freddy’s – a homegrown Kansas brand, by the way! The hard work and dedication that goes into creating the perfect smashed Steakburger or smooth and creamy custard perfectly reflects HCI’s goals and vision.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

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