Freddy's Grove City, Oh

Highlights:

• • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with four 5-year options to renew.
• • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!**
• • New, build-to-suit of Freddy’s latest prototype with Brick Construction with an impressive 16-car stack in drive-thru - slated to open December 2024. Well-positioned in dominant/infill retail corridor
• • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.158-acre lot, pad site to Target & Hobby Lobby Shopping Center with excellent visibility/access on Buckeye Pkwy with traffic counts of 9,219 CPD! 1/4 mile south of Stringtown Rd (main east/west thoroughfare) with traffic counts of 39,721 CPD!
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 134,210 | Average Household Income (1-MI): $118,064

Description:

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). It has a New, build-to-suit of Freddy’s latest prototype with Brick Construction with an impressive 16-car stack in drive-thru - slated to open December 2024. Well-positioned in dominant/infill retail corridor!
The Asset is Positioned on a large ±1.158-acre lot, pad site to Target & Hobby Lobby Shopping Center with excellent visibility/access on Buckeye Pkwy with traffic counts of 9,219 CPD! 1/4 mile south of Stringtown Rd (main east/west thoroughfare) with traffic counts of 39,721 CPD! It is Pad site to a Target Anchored Shopping Center with tenants such as Hobby Lobby, AMC Theatres, Goodwill, Bath & Body Works & Famous Footwear; across the street from Walmart, T.J. Maxx, Maurices, Staples, PetSmart, ULTA Beauty, Shoe Dept.; nearby retailers include Home Depot, Dick’s Sporting Goods, Kohl’s, Best Buy, Michaels, and Gordon Food Service. It is 10.5 miles from The Ohio State University Columbus - a public university with 6 campuses across the state, consisting of 16 colleges and offering over 400 degree programs, servicing 60,046 students in the main Columbus campus; 10 miles from Columbus State Community College Columbus - a public community college offering 2-year career programs in more than 50 areas of study with 25,102 students; .5 miles from OhioHealth Grove City Methodist Hospital - a brand-new, 26-bed, suburban community hospital; 3 miles from Mount Carmel Grove City - a teaching hospital, with ACGME-accredited residency programs in family practice, orthopedics, general surgery, internal medicine & OB/GYN with 210 beds
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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