Lowest Cap Rate
4.35%
Lowest Cap Rate over past 24 months
Average Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
Average Cap Rate over previous quarter
Overview
Freddy’s Custard and SteakBurgers has been growing rapidly since its inception in 2002. Freddy’s currently has over 300 locations in 30 states and even has locations in the Middle East. Known for their different take on quick service items, Freddy’s has been able to grow and develop a following because of their tasty burgers, French fries, and milkshakes. As for the physical real estate on which Freddy’s are normally located, they are highly visible locations on busy intersections. Freddy’s generally needs around 0.5 - 1 acre sites to operate their 4,000 square foot prototype restaurant with a drive thru. A 15 - 20 year term is to be expected with various different rent escalations built into the lease.
Property & Lease
Sales Price Range$2,000,000 - $3,000,000
NOI Range$125,000 - $150,000
Building SF4,000
Lease Term15-20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
N/A
5.26
6.16
5.31
5.84
4.71
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Emporia, KS5.65%
Lubbock, TX5.25%
Columbia, MO5.75%
Top Consumer Traffic
Hastings, NE479,800
Espanola, NM425,700
Wichita, KS413,500
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data