The Boulder Group has completed the sale of a single tenant Freddy’s Frozen Custard & Steakburgers property located at 2945 Dougherty Ferry Road in Valley Park, MO for $2,500,000.
Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a Midwest-based development company and the purchaser was an all-cash 1031 exchange buyer based in the Western U.S. This was the 5th Freddy’s Frozen Custard & Steakburgers property sold nationally by Zach Wright and Brandon Wright within the past eight months and 3rd in Missouri. The two have also sold the four lowest cap rates ever recorded nationally for Freddy’s properties according to CoStar.
The Freddy’s Frozen Custard & Steakburgers property is positioned just north of the heavily trafficked signalized intersection of Dougherty Ferry Road and Big Bend Road (49,000+ VPD). The property is strategically positioned within a dense and affluent area. There are approximately 165,000 people living within a 5-mile radius with an average annual household income of $155,000.
This Freddy’s Frozen Custard & Steakburgers property features a long-term lease with 10% rental increases every 5 years. The lease is guaranteed by M&M Custard, which is the 3rd largest Freddy’s franchisee. Freddy’s has approximately 500 locations.
“Freddy’s properties offer excellent real estate investment opportunities in addition to their made-to-order steakburgers and frozen custard. Most of their restaurants are well-located in dynamic retail trade areas and feature long-term triple net leases backed by strong franchisees. We continue to see substantial investor interest in Freddy’s properties,” stated Zach Wright, Vice President.
“We have an extensive track record of assisting Western-based investors acquire well-located Midwest properties for aggressive prices. This is the 3rd Freddy’s property in Missouri that we’ve sold in the past eight months to an investor based in the West,” added Brandon Wright, Associate.
Media Contact
Company Name: The Boulder Group
Contact Person: Zach Wright
Email: Send Email
Phone: 720-604-2220
Address:1805 S Bellaire Street, Suite 355
City: Denver
State: Colorado
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html