Overview

Description

Freddy’s has a Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years with four 5-year options to renew! The Tenant, Ram-Z Custard, LLC owns & operates 37 locations across Texas, Oklahoma, Arkansas, Missouri & Kansas (10 Freddy’s and 27 Schlotzsky’s). It is a New, high quality, build-to-suit construction of Freddy’s newest prototype - slated for opening Date/Rent Commencement on December 2023 (Est.)
The Asset is Positioned on a large ±1.09-acre lot, on a signalized, hard corner with excellent visibility/ access on W Princeton Dr (US-380) where traffic counts exceed 32,360 CPD! Major retailers in Princeton include Walmart, Tractor Supply, Westlake Ace Hardware, Dollar Tree, Dollar General, CVS, AutoZone, O’Reilly Auto Parts, GameStop, T-Mobile; Dining options include McDonald’s, Whataburger, Wendy’s, Jack in the Box, Sonic Drive-In, Jersey Mike’s, Taco Bell, Taco Bueno, Popeyes, Panda Express, Pizza Hut, Papa John’s, Domino’s Pizza, Little Caesars, Golden Chick, Starbucks, Scooter’s Coffee, Dutch Bros., Dunkin’, Tropical Smoothie Cafe, Smoothie King, Dairy Queen, Wingstop and Subway. Freddy’s is 10 miles from Collin College-McKinney - This campus provides nursing programs including Licensed Vocational Nursing, Associate Degree Nursing & Bachelor of Science in Nursing with a total of 4,142 students; 10 miles from Baylor Scott & White Medical Center–McKinney - a full-service, fully-accredited, not-for-profit hospital serving residents in McKinney and the surrounding communities with 192 beds offering advanced medical services for women’s services, neonatal intensive care, orthopedics, heart and vascular, neurosciences, stroke, diagnostic imaging, intensive and emergency care.

Highlights

• Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years with four 5-year options to renew!
• Ram-Z Custard, LLC owns & operates 37 locations across Texas, Oklahoma, Arkansas, Missouri & Kansas (10 Freddy’s and 27 Schlotzsky’s) **All units back the performance of the lease!**
• New, high quality, build-to-suit construction of Freddy’s newest prototype - slated for opening Date/Rent Commencement on December 2023 (Est.)
• Positioned on a large ±1.09-acre lot, on a signalized, hard corner with excellent visibility/ access on W Princeton Dr (US-380) where traffic counts exceed 32,360 CPD!
• AFFLUENT 2023 DEMOGRAPHICS: 2023 Population: 38,102 & 2023 Average Household Income: $111,968

Documents

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