• 8+ years remain on this franchisee signed lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• Founded in 2011, JRI Hospitality owns and operates over 80 restaurants in 15 states, including Freddy’s Frozen Custard & Steakburgers, Mokas Cafe, The Original Grande, and Chompie’s Restaurants. They are the largest Freddy’s franchisee
• Freddy’s Frozen Custard & Steakburgers is a leading fast-casual franchise concept with more than 440 locations across 36 states nationwide
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Investor benefits from leased fee interest (land ownership)
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Freddy’s located at the signalized, hard corner intersection of Scenic Highway North and Tree Lane averaging 57,400 vehicles passing by daily
• Scenic Highway is a dense, primary retail corridor serving the city of Snellville with several national/credit tenants such as Chipotle, Outback, Zaxby’s, McDonald’s, and more
• The asset is directly next to Presidential Commons, a 375,000+ SF Kroger and The Home Depot anchored shopping center
• The immediate trade area is supported by several big box retailers such as Target, Best Buy, Ross, Lowe’s, Walmart Supercenter, and more
• Strong tenant synergy promotes crossover store exposure to the site
• More than 195,000 residents and 43,000 employees support the trade area
• Residents within a 1-mile radius boast an affluent average household income of over $130,000
