Freddy's (Very Affluent Demos) Mckinney, Tx

Highlights:

• NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
• TENANT: Ram-Z Custard, LLC owns & operates 75 locations which include 40 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country. **All units back the performance of the lease!**
• LARGE PARCEL | TRAFFIC COUNTS: Property sits on a large ±1.04-acre lot with an excellent visibility/access on Hardin Blvd with traffic counts of 15,273 CPD! 1/4 mile south of US-380 with traffic counts of 54,804 CPD!
• DENSE RETAIL/OFFICE CORRIDOR: Strategically positioned adjacent to Raytheon’s Manufacturing facility (over 3,000 employees) - blocks away from Costco, Hobby Lobby, Cinemark, 24 Hour Fitness, etc.
• BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an 11-car stack in drive-thru - slated to open August 2025
• 2025 VERY AFFLUENT DEMOGRAPHICS: Total Population (5MI): 193,450 | Average Household Income (1MI): $170,203

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 75 locations which include 40 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country. **All units back the performance of the lease!** Property sits on a large ±1.04-acre lot with an excellent visibility/access on Hardin Blvd with traffic counts of 15,273 CPD! 1/4 mile south of US-380 with traffic counts of 54,804 CPD! The Asset is

Strategically positioned adjacent to Raytheon’s Manufacturing facility (over 3,000 employees) - blocks away from Costco, Hobby Lobby, Cinemark, and 24 Hour Fitness. It is a New, build-to-suit of Freddy’s latest prototype with an 11-car stack in drive-thru - slated to open August 2025. McKinney has major retailers such as Costco, Target, Walmart, Sam’s Club, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Academy Sports + Outdoors, Belk, Kohl’s, At Home, Michaels, Office Depot, Five Below, Ulta Beauty, Best Buy, Petco, PetSmart, Floor & Decor, Kroger Marketplace, Albertsons, Trader Joe’s, LA Fitness, 24 Hour Fitness, and Cinemark. Freddy’s is 5 miles from Collin College McKinney - a public community college, it is a central hub for a variety of academic programs with 4,716 students; 21 miles from The University of Texas at Dallas - a public research university offering more than 140 academic programs, serving 29,886 students (Fall 2024); 1.5 miles from Baylor Scott & White Medical Center McKinney - a full-service, fully-accredited not-for-profit hospital with 192 beds; Less than 4 miles from Medical City McKinney - a 318-bed, acute care hospital with a Level II Trauma Center; Primary Stroke Rehabilitation Center, and inpatient behavioral health provider for more than a decade.

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