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FREDDY'S FROZEN CUSTARD - DURANT, OK 1051 Westside Dr

3,123 SF Retail Building Durant, OK 74701 £1,506,999 (£483/SF) 6.75% Net Initial Yield

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Investment Highlights

19 Years Remaining on initial 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
Situated on a ±1.0-Acre Lot with Excellent Visibility/Access on Westside Dr (Traffic counts: 5,928)
Total Population: 26,424 | Average Household Income: $83,595

Ram-Z Custard, LLC owns & operates 67 locations, which include 33 Freddy’s restaurants, making it the 7th largest Freddy’s franchisee in the U.S.
Traffic Counts Exceed 30,500 CPD!

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,123 SF

Building Class

Year Built

2018

Price

£1,506,999

Price Per SF

£483

Net Initial Yield

6.75%

NOI

£101,719

Tenancy

Single

Number of Floors

Building FAR

0.07

Lot Size

1.00 AC

Zoning

Amenities

Restaurant

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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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 us to do everything The Freddy's Way.