Investment Highlights
Located Within the Atlanta MSA in An Affluent and Rapidly Expanding Area
10% Rental Increases Every Five Years | Affluent Surrounding Area with Average Annual Incomes of Nearly $100,000
Freddy?s Frozen Custard & Steakburgers Has Approximately 450 Locations
Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities
Projected Annual Population Growth of Approximately 2.7% Within One Mile Over the Next Five Years
Surrounded By Neighborhood Retailers Which Include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe's, Home Depot And Many More
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 the Atlanta MSA, situated within the $150 million multi-use development known as Newnan Village Crossing on a 125-acre tract in Newnan located along I-85.This Freddy?s sale-leaseback 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.The property is strategically positioned on the hard corner adjacent to Summerlin Corners, a Kroger Anchored Center Located in a fast growing residential area surrounded by neighborhood retailers Area retailers include Publix, CVS Pharmacy, Wal-Mart Supercenter, Lowe?s & Home Depot.
