Freddy's Frozen Custard & Steakburgers

2567 Commerce Pkwy, Barstow, CA 92311

$2,971,000

Cap Rate 5.25%

Views: 67 DOM: 131 Updated: 10.06.24 Posted: 08.12.24 Status: Active

Summary

Price $2,971,000	Built/Renov 2024	Tenant Freddy's Frozen Custard & Steakburgers
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,500	Lease Start 11-01-2024	#Units 22
Price/SF $1,188.40	Expiration 10-31-2039	Tenant Type Fast Casual/Rest.
NOI $156,000	R. Term 14.10	Ownership Fee Simple
Rent/SF $62.40	Increases 10.0%/5/yrs	Pop 5Mi 24,956
Lot/AC 1.00	Options 4/10yrs/10%	AHHI 5Mi $75,511

Lease Highlights

Brand new 2024 construction
New 15-year lease with 4 (10-year) options to extend to commence upon close of escrow
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Freddy's Frozen Custard & Steakburgers is strateigcally located on Commerce Pkwy, with access to 6,801 vehicles passing by daily. The property is surrounded by well-known national tenants, including Arby’s, Chili’s, Jersey Mike’s, Raising Cane’s, and more. The 5-mile trade area supports a population of 24,956 residents with an average household income of $75,511. Barstow is a city in San...

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Key Features

New construction
Build to suit
Near major nationals
Freeway visibility
Strong tenant synergy
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Freddy's Frozen Custard & Steakburgers Wikipedia Freddy's Frozen Custard & Steakburgers Wikipedia Barstow, California Zip Code 92311 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Freddy's Frozen Custard
Guarantor:Franchisee
Company:Franchisee
# Units:22
Stock:Private

About Tenant

Freddy's Frozen Custard & Steakburgers is an award-winning, American fast-casual restaurant chain. Its menu includes steakburgers, Vienna Beef hot dogs, and chicken sandwiches. The chain also...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	29	7,411	25,215
2024 Total Population :	29	7,295	25,132
2024 Employed Civilian Pop :	13	2,901	9,006
2024 Total Businesses :	70	225	755
2024 Average Household Income :	$ 126,133	$ 90,346	$ 75,628
2024 Total Consumer Spending :	$ 1 M	$ 196 M	$ 580 M
2024 Median Age :	40	35	33
2024 Total Households :	9	2,421	8,588
2024 Pop Age 25+: Bachelor's Degree :	2	442	1,235
2024 Average Home Value :	$ 212,500	$ 276,739	$ 299,163

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Commerce Pkwy	Lenwood Rd	2003	7,110	0.09 mi
	Lenwood Rd	2022	57,000	0.19 mi
15		2018	70,000	0.31 mi
Lenwood Rd	I 15 Ofrp N	2003	12,349	0.31 mi
Lenwood Rd	High Desert Rd	2003	12,988	0.38 mi
I- 15	Lenwood Rd	2012	58,000	0.41 mi
Mercantile Way	Factory Outlet Ave	2003	1,764	0.57 mi
Lenwood Rd	Mercantile Way	2003	1,492	0.74 mi
15		2018	86,000	1.13 mi
I 15		2022	66,500	1.14 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23605 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25386 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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