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Freddy's Frozen Custard & Steakburgers
305 W Commerce St, Brownwood, TX
Property Information
Price Summary
$ 2,833,335
Cap Rate
6 %
NOI
$ 170,000
Total Lot Size
0.6 Acres
Building Size
2,404 SF
Property Highlights
- New Development Freddy’s Frozen Custard & Steakburgers
- 20-Year Absolute NNN Lease With Zero Landlord Responsibilities
- 7.5% Rental Increase Every 5 Years That Occurs Throughout Current Term and Options
- $10,000/Year Billboard Rent Included in Addition to Freddy’s Rent
- Outparcel to Walmart Supercenter and Situated Around National Retailers, Apartments, and Schools Generating Additional Traffic to the Area
- 24,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
- Located Along US Hwy 67 Generating 18,700 Vehicles Passing in Front of Subject Property per day
- Strong Franchise Guaranty by Ram-Z Restaurant Group, With all 70+ Units Backing the Lease
- Freddy's Frozen Custard & Steakburgers
- 305 W Commerce St, Brownwood, TX 76801
Point of Contact
Drew Duncan
Partner/Market Leader
Jacob Mace
Associate Director
Justin Dillon
Associate Director
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