Freddy's Milford, 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!**
• • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.106-acre lot with great access/visibility on Business 58 with traffic counts of 16,305 CPD!
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 76,164 & Average Household Income: $146,310

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).
The Asset is Positioned on a large ±1.106-acre lot with great access/visibility on Business 58 with traffic counts of 16,305 CPD! Retailers within 5 miles include Walmart, Target, Lowe’s Home Improvement, Home Depot, Meijer, Kohl’s, Cato Fashions, Big Lots, Kroger, Tractor Supply Co., Harbor Freight Tools, PetSmart, Dollar Tree, Dollar General, Sally Beauty, Scene 75 Entertainment Center, and Cinemark. It is 18 miles from University of Cincinnati - a public university offering more than 300 majors & 100 certificate programs with total enrollment of 53,235 (Fall 2024); 16 miles from Xavier University - a private Jesuit university with over 90 undergraduate programs with 5,504 students (Fall 2024); 11.5 miles from Jewish Hospital Mercy Health - a 209-licensed bed acute care hospital located in Kenwood, Ohio (a Cincinnati suburb) that provides convenient access from around the Tristate area. Their renowned services include the region’s first & most comprehensive adult Bone & Marrow Transplant Center; Brain Tumor Center; Oncology; Brain & Spine and Joint Replacement Center.
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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