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 affluent area and is positioned just northeast of the Interstate 59 and Interstate 459 interchange along Gadsden Highway (U.S. Route 11). The Freddy’s property is positioned within a regional retail destination that features Target, The Home Depot, Lowe’s, Best Buy, Hobby Lobby, and The Pinnacle (a 644K SF lifestyle center). The twenty-year absolute triple net lease will feature 2% annual rental increases. TThe 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.