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Freddy's Frozen Custard & Steakburgers 4952 Central Park Blvd 3,919 SF Retail Building Denver, CO 80238 $4,692,895 CAD ($1,197.47 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in Denver’s highly desired and extremely affluent Central Park neighborhood
- 10% rental increases every five years
- Extremely affluent area with average annual household income of $239,000 in one mile
- Long term 20-year lease
- Absolute triple net lease with no landlord responsibilities
- Positioned ½ mile north of Interstate 70 (217,000 VPD)
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired them to do everything The Freddy's Way.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1153-02-016 | Improvements Assessment | $141,570 CAD |
| Land Assessment | $469,745 CAD | Total Assessment | $611,315 CAD |
PROPERTY TAXES
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Freddy's Frozen Custard & Steakburgers | 4952 Central Park Blvd
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