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Freddy's Frozen Custard - Austin TX MSA 2602 West Pecan Street 3,282 SF Retail Building Pflugerville, TX 78660 $2,866,255 CAD ($873.33 CAD/SF) 6% Cap Rate
Investment Highlights
- Franchisee Guaranteed Ground Lease | Options To Extend | Scheduled Increases | Well Known & Established Brand
- Located Within a Dense Retail Corridor | Outparcel to Popular Strip Center
- Strong Demographics In 5-mile Trade Area
- Absolute NNN Ground Lease Structure | Leased Fee Ownership | Zero Landlord Responsibilities
- Freddy’s Recently Acquired by Rhône | Growing Franchisee Program
Executive Summary
• Freddy’s has been operating at this location since 2009, demonstrating long-term tenant stability
• 5 years remaining with 3 (5-year) option periods to extend
• Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states
• 5 years remaining with 3 (5-year) option periods to extend
• Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
3,282 SF
Building Class
C
Year Built
2008
Price
$2,866,255 CAD
Price Per SF
$873.33 CAD
Cap Rate
6%
NOI
$171,975 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Parking
35 Spaces (10.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 750141 | Improvements Assessment | $2,670,970 CAD |
| Land Assessment | $773,806 CAD | Total Assessment | $3,444,777 CAD |
Property Taxes
Parcel Number
750141
Land Assessment
$773,806 CAD
Improvements Assessment
$2,670,970 CAD
Total Assessment
$3,444,777 CAD
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Freddy's Frozen Custard - Austin TX MSA | 2602 West Pecan Street
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