The Boulder Group is pleased to exclusively market for sale a single tenant Freddy’s Frozen Custard & Steakburgers sale leaseback property located in Birmingham, AL. The property is in an extremely affluent area and is strategically positioned as an outparcel to a Publix, Hobby Lobby, Dick’s Sporting Goods, and AMC Theater anchored development. The average annual household income is over $173,000 within three miles of the Freddy’s property. The twenty-year absolute triple net lease will feature 2% annual rental increases. The lease will be guaranteed by Bama Custard & Bama Custard 2, which operates seven Freddy’s locations in Alabama, and is controlled by ERC Hospitality. ERC Hospitality is the 5th largest Freddy’s franchisee operating 33 Freddy’s locations (across Alabama, Colorado, Texas, and New Mexico) with 4 additional restaurants in development. Freddy’s Frozen Custard & Steakburgers is one of the fastest growing chains in the U.S. and operates over 515 locations across the country.