Overview

Description

Freddy’s has a Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! 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 January 2024 (Est.)

The Asset is Positioned on a ±0.85-acre lot, just off the hard corner with excellent visibility/access on E. University Dr. (US-380) and Main St. where traffic counts exceed 54,790 CPD! Retailers within 5 miles include Walmart, Atwoods, Tractor Supply Co., ALDI, Dollar Tree, Dollar General, Home Depot, Academy Sports+Outdoors, Pet Supplies Plus, Kroger Marketplace, Specs Wines, Spirits & Finer Foods; Dining options include Sonic Drive-In, Chick-Fil-A, Freddy’s Frozen Custard & Steakburgers, Raising Cane’s, IHOP, Panera Bread, Jack in the Box, McDonald’s, MOD Pizza, Chicken Express, Torchy’s Tacos, and Salad and Go. 11 miles from Texas Woman’s University Denton – a public university offering programs in nursing, liberal arts, fine arts, the sciences, health sciences, business & education with a total enrollment of 12,790 students; 13 miles from University of North Texas Denton - a 4-year public university offering bachelors, masters & doctoral degrees with total enrollment of 41,953; 12.5 miles from Medical City Denton – a 208-bed, acute care hospital with more than 900 employees & 500 physicians. The hospital is a Level II Trauma Center, a Primary Stroke Center and an accredited Chest Pain Center offering advanced open heart surgery, serving Denton, Wise, Cooke & Montague counties.

Highlights

• Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
• 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 January 2024 (Est.)
• Positioned on a ±0.85-acre lot, just off the hard corner with excellent visibility/access on E. University Dr. (US-380) and Main St. where traffic counts exceed 54,790 CPD!
• VERY AFFLUENT 2023 DEMOGRPAHICS: 2023 Population: 98,555 & 2023 Average Household Income: $134,603

Documents

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