FREDDY’S FROZEN CUSTARD & STEAKBURGERS 235-239 12th St

Bang Realty-Utah, Inc. is pleased to offer for sale a single-tenant, absolute NNN lease Freddy’s Frozen Custard & Steakburgers in Ogden, UT. Ogden is a part of the Salt Lake City MSA. Salt Lake City is one of the fastest growing cities in the country. The asset has high visibility and is located 12th St with traffic counts exceeding 26,000 vehicles per day. This is a dense retail corridor featuring neighboring tenants such as Chick Fil A, WinCo Foods, Natural Grocers, and Panda Express among others.
This is a proven trade area with synergy from multiple national retailers near a large dense residential base. Freddy’s is operating in an approximately +/-3,435 sq. ft. building situated on about +/-1.01 acres. The tenant is operating under an absolute NNN lease with zero landlord responsibilities.
The tenant, Utah Steakburgers LLC, is a wholly owned subsidiary of JRI Hospitality. JRI Hospitality is the largest Freddy’s in the country with over 84 locations across several states. There are over five years of lease term remaining with 1.5% annual increases.
This investment benefits from the large franchisee, passive lease structure, and its exceptional location. The site is located on a main thoroughfare in Ogden surrounded by numerous retailers and residential. In addition, this area is poised for growth as Salt Lake City is one of the fastest growing cities in the country. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.