FREDDY?S FROZEN CUSTARD & STEAKBURGERS 1701 Capps Lndg

Investment Highlights

Location Within the Auburn-Opelika Metropolitan Area, One of Alabama?s Most Desirable and Fastest Growing Metro Areas with Over 160k Residents Freddy?s Frozen Custard & Steakburgers Has Approximately 450 Locations The Property Is Also Ideally Positioned Across from The Tiger Town Power Center Which Accounts For 40% of Opelika?s Sale Tax Revenue Long Term 20-Year Lease | Absolute Triple Net Lease with No Landlord Responsibilities Conveniently Located Off of Hwy 280 And I-85 In A Heavy Traffic Area With ?29,345 VPD On Gateway Drive And ?58,642 VPD Traveling On I-85.

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 Opelika, AL: One of the Fastest Growing MSAs in Alabama. 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 Subject property is ideally positioned in Opelika?s primary commercial corridor and benefits from its strategic positioning near both the Tiger Town Power Center and Opelika Marketplace. Additionally, the site is positioned on the game-day traffic route and is within proximity to major economic demand drivers and proximate to Auburn University (?5-miles southwest), the Central Business District of Opelika (?1.5 miles northeast), and East Alabama Medical Center (?1.5 miles).The Property serves an expanded trade area that benefits from strong demographics with a population of 111,193 residents and an average household income of $72,157\ within a 10-mile radius. 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    3,480
• Building Class    B
• Year Built    2017
• Price    2,783,000
• Price Per SF    800
• Cap Rate    5.75
• NOI    160,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.58 AC