Freddy’s Frozen Custard & Steakburgers 6464 Siegen Lane, Baton Rouge, LA Cap Rate 6% Baton Rouge ( Louisiana, US ) Built

$2,291,667 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,170 sq. ft.
  • Development Level: Built
  • Lot Size: 0.8 acres
  • Year Built: 2016

Description

Freddy’s Frozen Custard & Steakburgers 6464 Siegen Lane, Baton Rouge, LA Cap Rate 6%

Cap Rate: 6%
NOI: $137,500
Building Size: 3,170 sqft
Lot Area: 0.8 acres
Lease Type: Absolute Net
Year Built: 2016
Price Per Sqft: $722.92
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility

Price: $2,291,667 USD

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,170 SF Freddy’s Frozen Custard & Steakburgers at 6464 Siegen Lane in Baton Rouge, Louisiana. This Deal Includes Almost 12 Years Left Remaining on an Absolute Triple Net (NNN) Lease, Providing For a Secure Investment.

HIGHLIGHTS
• Absolute Triple Net (NNN) Lease Allows For a Completely Passive Investment
• Lease is Personally Guaranteed By the CEO of JRI Hospitality and Four Other Individuals
• The Location is a Outparcel to LA Fitness
• The Site Has Superior Access to Siegen Lane With Two Curb Cuts Allowing For Customers to Move In and Out Easily
• Freddy’s Plans to Open 50 Stores in 2021; Freddy’s Was Named the “Best Franchise to Buy in America” By Forbes Magazine For the Second Year in a Row and Was Named One of
QSR Magazine’s 2019 “Best Franchise Deals”
• In March of 2021, Thompson Street Capital, a St Louis Based $2.6 Billion Private Equity Fund, Purchased Freddy’s Frozen Custard & Steakburgers; Thompson Will Accelerate
Franchise Development Nationally While Increasing Focus on Marketing and Technology Deployment to Enable Best Operational Practices Across All Restaurants
• Robust Daytime Population Boasts Nearly 90,000 Employees and 8,700 Companies Within a 3-Mile Radius
• Baton Rouge is the 2nd Largest City in the State of Louisiana With Over 225,374 Residents
• Average Household Income of $116,542 Within a 1-Mile Radius, $99,325 Within a 3-Mile Radius and $100,083 Within a 5-Mile Radius
• Strategically Located on a High-Value Outparcel in a Desirable Area Off Siegen Lane (Over 40,000 VPD), Which is Directly Off I-10 and Runs North to I-12 (Over 107,000 VPD)
• Growing QSR Concept With Over 400 Locations Across 31 States; The Company’s Investments Resulted in Sustainable, Strong Sales Performance Systemwide, With Year-Over-Year
Sales Growth Coming in at a 21.2% Increase From 2019 to 2020
• Located on the Eastern Bank of the Mississippi River, Baton Rouge is the Capital of Louisiana and is the 2nd Largest City in LA After New Orleans; It is Home to the Louisiana State
University Which Serves Over 30,000 Students
• Nearby Tenant Includes: Target, HomeGoods, Ross, Hobby Lobby, Academy Sports, Chase Bank, Raising Cane’s, Big Lots, Starbucks, Ross, IHOP, Olive Garden, Chick-fil-A and More
• JRI Hospitality Owns and Operates Over 70 Restaurants in 11 States Including Freddy’s Frozen Custard & Steakburgers, Mokas Café, The Original Grande and Chompie’s
Restaurants.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#444500228
top
Information is deemed to be correct but not guaranteed.