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Restaurant

Freddy's Drive-Thru

4641 Frederica St, Owensboro, KY 42301

Listing Price: $1,500,000

Cap Rate
5.50%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
6.9
Gross SF
2,584
Guarantor
Franchisee Guarantee
Rentable SF
2,584
Price/Gross SF
$580.50
Lease Type
Double Net
Rent Per Square Feet
$31.93

Investment Overview

Freddy’s Frozen Custard & Steakburgers is a leading fast casual restaurant franchise concept with more than 380 locations across 32 states. Freddy’s has ranked #1 on Forbe’s Best Franchises to Buy (High Investment Category) and on Hubspot’s Best Franchises to Open and Own, as well as #51 on Entrepreneur Magazine’s Franchise 500. In 2019, Freddy’s was ranked on Inc.’s 5000 List, Technomic’s Top 500 Chain Restaurant Report, and was Franchise Times® Magazine’s 14th Smartest-Growing Brand in Fast & Serious. Located on the Kentucky/Indiana border along the Ohio River, Owensboro is the fourth-largest city in the state of Kentucky and the anchor of the Owensboro Metropolitan Area, which is comprised of the Daviess, Hancock, and McLean counties. Eight cities are included in the Owensboro MSA: Owensboro, Hawesville, Lewisport, Livermore, Calhoun, Sacramento, Island, and Whitesville. As the county seat of Daviess County, Owensboro also serves as the industrial, medical, retail and cultural hub of western Kentucky.

Investment Highlights

  • Double-Net (NN) Lease with Seven Years Remaining and Two, Five-Year Renewal Options
  • 10 Percent Rental Increase in Approximately Two Years
  • Franchisee Guarantee by M&M Custard, LLC, Multi-Unit Operator of Over 23 Locations in Five States
  • Easy Access and Connections to Downtown Owensboro via Frederica Street (23,800 Cars Per Day) and the US 60 NC Wendell Ford Expressway(33,800 Cars Per Day)
  • Well-Located in the Best Retail Trade Area in Owensboro – Great Access and Visibility to Frederica Street
  • Adjacent to High-Performing Chick-fil-A and Panera Bread Locations
  • Situated Across from Towne Square North Shopping Mall and Directly North of the Towne Square Shopping Mall
  • 70,755 Residents within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Listing Price: $1,500,000

Cap Rate
5.50%
Tenant Name
Freddy's Frozen Custard & Steakburgers
Years Remaining On Lease
6.9
Gross SF
2,584
Guarantor
Franchisee Guarantee
Rentable SF
2,584
Price/Gross SF
$580.50
Lease Type
Double Net
Rent Per Square Feet
$31.93

Investment Highlights

  • Double-Net (NN) Lease with Seven Years Remaining and Two, Five-Year Renewal Options
  • 10 Percent Rental Increase in Approximately Two Years
  • Franchisee Guarantee by M&M Custard, LLC, Multi-Unit Operator of Over 23 Locations in Five States
  • Easy Access and Connections to Downtown Owensboro via Frederica Street (23,800 Cars Per Day) and the US 60 NC Wendell Ford Expressway(33,800 Cars Per Day)
  • Well-Located in the Best Retail Trade Area in Owensboro – Great Access and Visibility to Frederica Street
  • Adjacent to High-Performing Chick-fil-A and Panera Bread Locations
  • Situated Across from Towne Square North Shopping Mall and Directly North of the Towne Square Shopping Mall
  • 70,755 Residents within a Five-Mile Radius

Investment Overview

Freddy’s Frozen Custard & Steakburgers is a leading fast casual restaurant franchise concept with more than 380 locations across 32 states. Freddy’s has ranked #1 on Forbe’s Best Franchises to Buy (High Investment Category) and on Hubspot’s Best Franchises to Open and Own, as well as #51 on Entrepreneur Magazine’s Franchise 500. In 2019, Freddy’s was ranked on Inc.’s 5000 List, Technomic’s Top 500 Chain Restaurant Report, and was Franchise Times® Magazine’s 14th Smartest-Growing Brand in Fast & Serious. Located on the Kentucky/Indiana border along the Ohio River, Owensboro is the fourth-largest city in the state of Kentucky and the anchor of the Owensboro Metropolitan Area, which is comprised of the Daviess, Hancock, and McLean counties. Eight cities are included in the Owensboro MSA: Owensboro, Hawesville, Lewisport, Livermore, Calhoun, Sacramento, Island, and Whitesville. As the county seat of Daviess County, Owensboro also serves as the industrial, medical, retail and cultural hub of western Kentucky.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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