Freddy's Frozen Custard & Steakburgers - Net Lease Property for Sale
Durant, OK
Key Investment Metrics
Price
$2,000,000
Cap Rate
6.5%
Net Operating Income
$130,000
Building Size
3622 SF
Lot Size
3,622 SF
Land Area
0.73 Acres
Remaining Term
17.2 years
Lease Expiration
02/27/2043
Lease Term
20 years
Lease Commencement
02/27/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2018
Occupancy
100%
Tenancy
Single
Rent Increases
7% Every 5 Years
About This Freddy's Frozen Custard & Steakburgers Net Lease Property
This Freddy's Frozen Custard & Steakburgers NNN (triple net lease) property is located in Durant, OK and represents an excellent investment opportunity for commercial real estate investors. The property features 3622 square feet of building space and was built in 2018.
With a cap rate of 6.5%, this Freddy's Frozen Custard & Steakburgers net lease property offers stable income potential. The asking price is $2,000,000, making it an attractive option for 1031 exchange investors seeking quality Freddy's Frozen Custard & Steakburgers commercial properties.
Why Invest in Freddy's Frozen Custard & Steakburgers NNN Properties?
- Stable Income: Freddy's Frozen Custard & Steakburgers net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Freddy's Frozen Custard & Steakburgers is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Durant, OK Market Overview
Located in Durant, OK, this Freddy's Frozen Custard & Steakburgers property benefits from strong local demographics and market fundamentals. The Durant area offers excellent visibility and accessibility, making it an ideal location for Freddy's Frozen Custard & Steakburgers operations and a solid investment for net lease property buyers.