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FREDDY'S - (69 UNIT GUARANTY) CINCINNATI, OH 3939 Red Bank Rd

3,607 SF Retail Building Cincinnati, OH 45227 $4,190,125 CAD ($1,162 CAD/SF) 6% Cap Rate

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Investment Highlights

LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
6th largest Freddy’s franchisee in the U.S
Traffic counts of 48,087 CPD!

OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd
2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,607 SF

Building Class

Year Built

2016

Price

$4,190,125 CAD

Price Per SF

$1,162 CAD

Cap Rate

NOI

$251,379 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.79 AC

Zoning

Parking

38 Spaces

Frontage

50 ft on Red Bank Road

Amenities

Restaurant

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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Freddy grandit dans une ferme près de Colwich, au Kansas, juste à l'extérieur de Wichita. Après avoir terminé ses études secondaires, Freddy s'est enrôlé dans l'armée américaine et a servi dans la région du Pacifique pendant la Seconde Guerre mondiale. Autoproclamé « homme ordinaire », il a reçu le Purple Heart pour les blessures subies pendant son service, ainsi qu'une étoile de bronze pour bravoure. Freddy retourne ensuite au Kansas, fonde une famille, travaille fort dans l'industrie hôtelière pendant 56 ans et élève six enfants avec sa femme, Norma Jean. Les valeurs familiales et le service patriotique de Freddy envers son pays sont à la base de Freddy's Frozen Custard et de Steakburgers®, et ces valeurs nous ont incités à tout faire The Freddy's Way.