FREDDY?S FROZEN CUSTARD & STEAKBURGERS 1400 W 6th Ave

Investment Highlights

Located Within the Emporia, KS An Affluent and Rapidly Expanding Area Absolute Triple Net Lease with No Owner Responsibilities Two Miles from Emporia State University | Estimated Enrollment Of 5,700 Students Long-Term 20-Year Lease Freddy?s Frozen Custard & Steakburgers Has Approximately 450 Locations Many Manufacturing Plants Are Within Close Proximity of The Subject Property Including Coca-Cola, Tyson Foods and Hostess

Executive Summary

Graystone Capital Advisors is pleased to exclusively offer for sale a single tenant net leased Freddy?s Frozen Custard & Steakburgers property located in Emporia, KS. This Freddy?s sale-leaseback opportunity features a 20-year absolute triple net lease that includes 10% rental increases every five years. The lease is guaranteed by JRI Hospitality, the largest franchise operator of Freddy?s with +/- 80 existing locations across 15 states and plans for additional growth.Emporia is the county seat of Lyon County and is located between Topeka and Wichita, Kansas at the intersection of U.S. Route 50 and Interstates 35 & 335. Newman Regional Health is located less than two miles from the property and is the largest Critical Access Hospital in Kansas. Emporia State University is two miles from the property and has an estimated enrollment of more than 5,700 students. Emporia is home to many manufacturing plants including Tyson Foods, Hostess, Hill?s Pet Nutrition, Simmons Pet Food, and Coca-Cola, providing stable employment for residents. This property can be purchased individually or as a part of an 13-property portfolio.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,997
• Building Class    B
• Year Built    2006
• Price    2,035,000
• Price Per SF    679
• Cap Rate    5.65
• NOI    115,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.17
• Land Acres    0.40 AC