Freddy's Hilliard, Oh

Highlights:

• • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% 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 an impressive 15-car stack in drive-thru - slated to open January 2025. Well-positioned in dominant/infill retail corridor!
• • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.00-acre lot, pad site to Sam’s Club, just west of Hilliard Rome Rd (main north/south thoroughfare in Hilliard) with traffic counts of 39,019 CPD!
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 188,462 | Average Household Income (1-MI): $114,613

Description:

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 7.50% 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 is a New, build-to-suit of Freddy’s latest prototype with an impressive 15-car stack in drive-thru - slated to open January 2025. Well-positioned in dominant/infill retail corridor!
The Asset is Positioned on a large ±1.00-acre lot, pad site to Sam’s Club, just west of Hilliard Rome Rd (main north/south thoroughfare in Hilliard) with traffic counts of 39,019 CPD! It is Pad site to Sam’s Club - across the street from Meijer, Burlington, HomeGoods, Ulta Beauty; nearby retailers include Walmart, Target, Hobby Lobby, Kohl’s, Menards, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Old Navy, Michaels, OfficeMax, Five Below, PetSmart, Ace Hardware, Kroger, ALDI, Dollar Tree, AMC Theatres, and LA Fitness. It is 7 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; Less than 9 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; 7 miles from The Ohio State University Wexner Medical Center - a 900-bed hospital specializing in critical care, organ transplantation, women’s health, digestive diseases, surgery, rehabilitation & neurosciences.
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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