Akron OH - Freddy's Frozen Custardv

Description:

New 15-Year Lease | Scheduled Rent Growth.
New 15-year lease commenced in November 2025 with three additional five-year renewal options.
Scheduled rent increases throughout the initial term and options provide long-term NOI growth and an inflation hedge.

Absolute NNN Lease | Experienced Operator.
Absolute NNN structure requires the tenant to pay all property expenses, including taxes, insurance, CAM and maintenance.
OH Steakburger LLC is an experienced multi-unit franchisee, providing investors with passive, management-free ownership.

Newly Constructed Drive-Thru Property.
Constructed in 2019 with modern building systems, a dedicated drive-thru and a durable concrete parking lot.
New construction minimizes near-term capital requirements while supporting efficient restaurant operations.

High-Visibility I-70 Retail Location.
Strategically located near the I-70 off-ramp, approximately one-half mile from Target, Lowe’s and Camping World.
Surrounded by numerous national hotels and regional automotive dealerships that generate consistent customer traffic.
Approximately one mile south of the 610,000-square-foot Colony Square Mall, anchored by JCPenney, Dunham’s Sports, Planet Fitness, TJ Maxx, Five Below and Cinemark.

Freddy’s Acquired by Rhône | Expanding National Brand.
Global private equity firm Rhône acquired Freddy’s Frozen Custard & Steakburgers in September 2025.
Freddy’s generated approximately $1.04 billion in 2025 systemwide sales, with a reported average unit volume of $1.9 million.
The brand operates more than 580 locations across 37 states and Canada, with approximately 60 additional openings planned for 2026.

Affluent and Densely Populated Trade Area
More than 100,000 residents and 44,000 employees within five miles provide a substantial built-in customer base.
Average household income exceeds $126,000 within one mile and is projected to surpass $146,000 by 2031.

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Listing ID: a28TP000003LfBJYA0