Investment Highlights
Over 12 Years Remaining | Scheduled Rental Increases | Options to Extend | Well-Known & Established Tenant
Strategically Located Along W. Edgar Road | Interstate 95 (251,400 VPD) | Drive-Thru Equipped | Significant Street Frontage | New Construction
Direct Consumer Base | Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area | New York City MSA
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Outparcel to Walmart Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an Absolute NNN, freestanding, drive-thru equipped, Freddy?s investment property located in Linden, New Jersey. The tenant, Linden Steakburgers LLC has over 12 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 9% rental increases every 5 years throughout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Freddy?s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 440 locations across 36 states nationwide.
