Investment Highlights
Executive Summary
-Single-tenant Freddy?s Frozen Custard and Steakburgers investment opportunity, offering a brand-new 20-year absolute triple-net (NNN) sale-leaseback with 10% rental increases every five years and four (4), five (5) year option periods.-Freddy?s has more than 500 restaurants nationwide and was ranked #8 on the Restaurant Business list of the 10 Fastest Growing Chains in the United States.-Founded in 2011, JRI Hospitality is the largest Freddy?s franchisee with ?83 Freddy?s restaurants in 15 states and nearly 94 total restaurants across their portfolio. JRI is projected to expand their reach with 4-8 projects per year.-The Property is located on an outparcel to Barrow Crossing, a Target and Publix anchored shopping center with ?327,443 square feet of retail and restaurants including T.J. Maxx, HomeGoods, Michaels, Old Navy, ULTA Beauty, PetSmart, Belk, Kirkland?s, Verizon, AT&T, McDonald?s, IHOP, Applebee?s, and many more. -The Property is located just south of US-29 (?33,500 VPD), a major highway connecting Atlanta, the capital of Georgia, and Athens, home of the University of Georgia (?40,118 students enrolled for class of 2026).-Affluent nearby demographics, with an average household income of ?$100,362 within a 10-mile radius of the Property (Source: Esri).
