Investment Highlights
Executive Summary
- Single-tenant Freddy?s Frozen Custard and Steakburgers investment opportunity, offering a brand new 20-year absolute triple-net (NNN) lease with 10% rental increases every five years and four (4), five (5) year option periods.- Freddy?s has more than 500 restaurants nationwide and is ranked #8 on the Restaurant Business list of the 10 Fastest Growing Chains in the United States.- Jaytoo Enterprises, Inc. based out of Wichita, KS, is the tenant and franchisee with 14 locations open in Arizona, with 4 under development/construction.- The property sits on a large ?1.26-acre parcel.- The property is well-located on Florence Blvd (?26,691 Vehicles Per Day) and is just West of the I-10 freeway, the primary travel route connecting the Phoenix and Tucson metropolitan areas (?59,899 Vehicles Per Day) (Source: ADOT, 2022).- Approximately 2 minutes west of the property is the Banner Health Casa Grande Medical Center, a full-service hospital with 177 private rooms and ?625 employees (Source: bannerhealth.com).- Approximately 5 miles West of the property is the Arizona factory of electric vehicle maker Lucid Motors, currently expanding to more than 3.85 million square feet, as well as Tractor Supply?s Casa Grande Distribution Center.- Nearby national retailers include Walmart Supercenter, Home Depot, Lowe?s, Fry?s (Kroger), Harkins Theaters, Kohl?s, Dillard?s, Tractor Supply Co, CVS, Walgreens, QuikTrip, Dutch Bros Coffee, and many more.
