Freddys Frozen Custard
Property ID #: 18389
Tenant Name: Freddys Frozen Custard
Street Address:
City: New Braunfels
State: TX
Zip: 78130
COMPANY DESCRIPTION
Freddy’s Frozen Custard & Steakburgers is an American fast-casual restaurant chain based in Wichita, Kansas. Its menu includes steakburgers, Vienna Beef hot dogs, and chicken sandwiches, and the company provides frozen custard with a variety of specialty sundaes and concretes (blended sundaes). The company, founded in Wichita, Kansas in 2002, opened its first franchise in Hutchinson, Kansas during December 2004. In April 2011, the company opened its 50th store in Victorville, California, and in October 2013 its 100th store in Bowling Green, Kentucky. Its 150th location opened in April 2015 in Loveland, Colorado. Freddy's opened its 300th location in Indianapolis, Indiana in March 2018.
Website: www.freddysusa.com
Sector: Quick-Service Restaurants (QSR)
FINANCIAL PROFILE
Price: $1,692,000
NOI:
Cap Rate: 5.85
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR
LEASE ABSTRACT
Lease Type: NNN
Years Remaining: 15
Initial Term Increases:
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options:
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PROPERTY OVERVIEW
Type of Ownership: Fee Simple (Land & Building)
Year Built: 2007
Year Remodeled : 2020
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 3
Lot AC :
DEMOGRAPHICS
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Average Household Income
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