Freddy’s (20 Yr. Absolute Nnn) – Denton, Tx

Highlights:

• BRAND 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 74 locations which include 39 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!**
• BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with a 14-car stack in drive-thru - slated to open July 2025
• TRAFFIC COUNTS | HARD CORNER: Located at the southwest hard corner of Teasley Ln & Hunters Creek Rd, this property sits on a large ±1.85-acre lot with an impressive daily traffic count in excess of 30,000 CPD!
• 2024 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 159,528 | Average Household Income (1MI): $147,598

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 74 locations which include 39 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!** It is New, build-to-suit of Freddy’s latest prototype with a 14-car stack in drive-thru - slated to open July 2025.

The Asset is Located at the southwest hard corner of Teasley Ln & Hunters Creek Rd, this property sits on a large ±1.85-acre lot with an impressive daily traffic count in excess of 30,000 CPD! Nearby retailers include Walmart, Target, Home Depot, Lowe’s, Hobby Lobby, HomeGoods, T.J. Maxx, Ross, Burlington, Michaels, Best Buy, J. Crew Factory, Old Navy, Maurices, American Eagle, Rally House, Barnes & Noble, DSW, Ulta Beauty, Popshelf, ALDI, Kroger, Total Wine & More, Spec’s Wines, Goodwill, PetSmart, Pet Supplies Plus, Harbor Freight Tools, Tractor Supply Co., LA Fitness, Planet Fitness, and Cinemark. It is Less than 5 miles from University of North Texas - a four-year public R1: Doctoral University offering 114 bachelor’s & 126 master’s/doctoral degrees, serving 46,180 students (Fall 2024); 5 miles from Texas Women’s University Denton - a public university offering programs in nursing, liberal & fine arts, health sciences, business & education with 12,623 students; 3 miles from Medical City Denton - a 228-bed acute care hospital & a Level II Trauma Center with more than 900 employees & 1,100 physicians; 5 miles from Texas Health Denton - a 255-bed full-service hospital providing convenient care to people across North Texas & South Oklahoma since 1987.

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