Retail    

FREDDY’S FROZEN CUSTARD AND STEAKBURGERS (GL)

 Middletown, DE

Asking Price

$1,609,000

Cap Rate

5.75%

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Property Type

Single-Tenant Retail QSR

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Lease Type

Absolute NNN Ground Lease

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Rental Increases

10% Every 5 Years

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Year Built

2025

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Building GLA

3,013 SF

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Total Land Area

0.95 AC

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Brand-New 15-Year Lease
  • Absolute NNN Ground Lease
  • Guaranty from #1 Franchisee
  • Attractive Rental Increases
  • Brand New Construction with Drive-Thru
  • Outparcel to Target And Kohl’s
  • Adjacent to Major Traffic Drivers
  • Surrounded by Nearly 4,400 Homes
  • High-Traffic Trade Area with Easy Access
  • Attractive Demographics

Exclusively Listed By

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366

Vikaas Patni

Senior Associate
  vpatni@northmarq.com      +1 513.828.6252

Mitch Bensch

Senior Investment Sales Analyst
  mbensch@northmarq.com      +1 918.921.5252

In Association With
John Rotunno

RA-0030958

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


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