Absolute Net Lease Freddy's in Espanola

Retail-Commercial for Sale
Catylist Listing ID: 30716747
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 3,450 SF
Gross Building Area: See Agent
Gross Land Area: 0.88 Acres
Sale Price: $2,600,000
Unit Price: $753.62 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 4/16/2021

Overview / Comments

Absolute Single Tenant Net Lease Investment
Zero landlord responsibility

High Volume QSR Market
Strong growing brand
Top-performing store in NM

Surrounded by National Co-Tenancy
Anchored by Lowe’s
Shadow anchored by Walmart Supercenter

Freddy’s was co-founded in 2002 by Scott Redler, Bill and Randy Simon and named after Bill and Randy’s father, Freddy Simon, a Purple Heart, World War II Veteran from Wichita, Kansas. Freddy Simon’s family values, huge heart and patriotic service are the foundation of our fast-casual restaurant concept. Together, we created a brand focused on quality, hospitality, cleanliness and timeless traditions. We imagined a restaurant reminiscent of the late 1940s and early 1950s that featured a key brand icon: Freddy. Today, our restaurants from coast-to-coast serve a simple menu honoring the All-American meals Freddy made for his family.

Current Tenants

Tenant Business Name Freddy's Frozen Custard & Steakburgers
Website URL https://freddysusa.com
Industry Type Accommodation and Food Services
Current Rent $130,000 PSF (Annual)
Tenant Business Name Freddy's Frozen Custard & Steakburgers
Website URL https://freddysusa.com
Industry Type Accommodation and Food Services
Current Rent $130,000 PSF (Annual)

Additional Details

Nearest MSA: Espa
County: Rio Arriba
Tax ID/APN: 1047121232428

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,507 16,365 20,432
Median Age: 35.85 36.87 37.49
Households: 953 6,364 7,914
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.