Century Partners is pleased to present the opportunity to acquire a single-tenant Freddy’s Frozen Custard & Steakburgers drive-thru restaurant located in Aurora, Colorado (Denver Metro).
The property is offered as a 20-year absolute net sale-leaseback to ERC Hospitality, an established 33-unit Freddy’s operator, which has a 17-unit guaranty on the lease. The lease features 10% rent increases every 5 years as well as (4) 5-year options to renew, providing stability and rent growth.
The high-quality site is located outparcel to Target within Cornerstar shopping center, which features tenancy from other top-quality users including Marshalls, Homegoods and more.
The shopping center sits at a major crossroads: E Arapahoe Rd (78,000 VPD) and CO State Highway 83 (40,000 VPD).
Freddy’s Frozen Custard & Steakburgers is a popular and high-growth QSR brand, with a significant presence of over 550 locations across 36 states.