Freddy's – Fargo

Investment Overview

Freestanding NNN-leased Freddy's restaurant available for sale! 4,276 SF building with drive-thru leased to a multi-unit Freddy's Franchisee on 39,330 SF lot. Four 5-year renewal options. 6 years remaining on primary term.

Investment Highlights

• OFFERING SUMMARY
• Address: 2653 45th St S, Fargo, ND
• Concept: Freddy's Frozen Custard & Steakburgers
• Tenant: Franchisee
• Price: $1,700,000
• Cap Rate: 6.7% Current
• NOI: $114,000 (Current)
• Building Size (SF): ±4,276 SF
• Lot Size (AC): ±0.90 Acres
• Year Built: 2013
• LEASE TERMS
• Lease Commencement: In Place
• Lease Term Expiration: April 2032
• Term Remaining: 6 Years
• Lease Type: Modified NNN
• Landlord Responsibilities: Roof, Structure, HVAC
• Monthly Rent: $9,500
• Annual Base Rent: $114,000 (Current)
• Renewal Options: 4 x 5-Year Options