Investment Highlights
8+ years remain on this franchisee signed lease with 3 (5-year) options to extend
Founded in 2011, JRI Hospitality owns and operates over 80 restaurants in 15 states, including Freddy?s Frozen Custard & Steakburgers and more
Surrounding national/credit tenants such as Chipotle, Outback, Zaxby?s, McDonald?s, as well as several big box retailers such as Target, Best Buy, R
10% rental increases every 5 years including option periods
Located at the signalized, hard corner intersection of Scenic Hwy N and Tree Ln (57,400 VPD)
Directly next to Presidential Commons, a 375,000+ SF Kroger and The Home Depot anchored shopping center
Executive Summary
? 8+ years remain on this franchisee signed lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site? The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation? Founded in 2011, JRI Hospitality owns and operates over 80 restaurants in 15 states, including Freddy?s Frozen Custard & Steakburgers, Mokas Cafe, The Original Grande, and Chompie?s Restaurants. They are the largest Freddy?s franchisee? Freddy?s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 440 locations across 36 states nationwide? Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises? Investor benefits from leased fee interest (land ownership)? No landlord responsibilities? Ideal, management-free investment for a passive investor? Freddy?s located at the signalized, hard corner intersection of Scenic Highway North and Tree Lane averaging 57,400 vehicles passing by daily? Scenic Highway is a dense, primary retail corridor serving the city of Snellville with several national/credit tenants such as Chipotle, Outback, Zaxby?s, McDonald?s, and more? The asset is directly next to Presidential Commons, a 375,000+ SF Kroger and The Home Depot anchored shopping center? The immediate trade area is supported by several big box retailers such as Target, Best Buy, Ross, Lowe?s, Walmart Supercenter, and more? Strong tenant synergy promotes crossover store exposure to the site? More than 195,000 residents and 43,000 employees support the trade area? Residents within a 1-mile radius boast an affluent average household income of over $130,000
