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Freddy's Frozen Custard & Steakburgers 305 W Commerce St 2,404 SF Retail Building Brownwood, TX 76801 $3,955,109 CAD ($1,645.22 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New Development Freddy's Frozen Custard & Steakburgers & Billboard
  • 7.5% Rental Increase Every 5 Years That Occurs Throughout Current Term and Options
  • 24,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
  • 20-Year Absolute NNN Lease With Zero Landlord Responsibilities
  • Outparcel to Walmart Supercenter and Situated Around National Retailers, Apartments, and Schools Generating Additional Traffic to the Area
  • Strong Franchise Guaranty by Ram-Z Restaurant Group, With all 67 Units Backing the Lease

EXECUTIVE SUMMARY

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Freddy’s Frozen Custard & Steakburgers in Brownwood, TX. The subject property is a new development and has a strong franchise guaranty by Ram-Z Restaurant Group. It is an outparcel to Walmart and is situated around national retailers.
Includes a $10,000/yr billboard rent in addition to Freddy’s rent, refer to rent schedule.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,404 SF
Building Class
C
Year Built
1987
Price
$3,955,109 CAD
Price Per SF
$1,645.22 CAD
Cap Rate
6%
NOI
$237,306 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.60 AC

NEARBY MAJOR RETAILERS

Freddy's Frozen Custard & Steakburgers
Buffalo Wild Wings
Rent-A-Center
Premier Rental Purchase
Chili's Grill & Bar
Sam's Southern Eatery
Anytime Fitness
United Supermarkets
Fuzzy's Taco Shop
Cotton Patch Café

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
54541
Land Assessment
$368,546 CAD
Improvements Assessment
$747,640 CAD
Total Assessment
$1,116,187 CAD
  • Listing ID: 34132749

  • Date on Market: 2024-12-09

  • Last Updated:

  • Address: 305 W Commerce St, Brownwood, TX 76801

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