Freddy's | New 20yr Abs NNN w/ Incrs 910 S Main St

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Freddy’s investment property located in Englewood, Ohio. The tenant, Ram-Z Restaurant Group, recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Ram-Z Restaurant Group is a leading second generation operator in the Midwest. The guarantor successfully operates 33 Freddy’s and 34 Schlotzsky’s locations and is rapidly growing its prowess as it is currently the largest Schlotzsky’s operator and in the top five Freddy’s operators nationwide. Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 500 locations across 36 states nationwide.