New Freddy's Restaurant For Sale

1719 Hilliard Rome Rd, Hilliard, OH

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For Sale

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New 20-year NNN lease Freddy's restaurant, opening January 2025.

Type:RETAIL

Property size:

2,900 SF

Lot size:

16.21 Acres

Price / SF:

$981/SF

HighLights

Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years and four 5‑year renewal options.
Located in a dominant retail corridor with high traffic counts (39,019 CPD) and excellent visibility on a ±1.00‑acre pad site next to Sam's Club.
Strong operator/tenant: RAM‑Z Custard, LLC, the 6th largest Freddy's franchisee and largest Schlotzsky's franchisee in the U.S.
New build‑to‑suit Freddy's prototype with a 15‑car stack drive‑thru, scheduled to open in January 2025.
Affluent demographics: High average household income ($114,613 within 1‑mile radius).
Located just west of Hilliard Rome Rd, a main north/south thoroughfare in Hilliard.

We can help!

Listing Contact

Justin Zahn

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For Sale

Contact for pricing

New 20-year NNN lease Freddy's restaurant, opening January 2025.

Type:RETAIL

Property size:

2,900 SF

Lot size:

16.21 Acres

Price / SF:

$981/SF

Added:: Dec 17, 2024
Days on Market:: 544
Last Refresh:: May 20 at 9:10 pm

Property Features for 1719 Hilliard Rome Rd

General Information

Standard status: Active
Size: 2,900 SF
Lot size: 16.21 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Justin Zahn

Listing agent Justin Zahn

Listing office Commercial Investment Advisors (CIA) - Corporate

Listing date Dec 17, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) - Corporate

HighLights

Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years and four 5‑year renewal options.
Located in a dominant retail corridor with high traffic counts (39,019 CPD) and excellent visibility on a ±1.00‑acre pad site next to Sam's Club.
Strong operator/tenant: RAM‑Z Custard, LLC, the 6th largest Freddy's franchisee and largest Schlotzsky's franchisee in the U.S.
New build‑to‑suit Freddy's prototype with a 15‑car stack drive‑thru, scheduled to open in January 2025.
Affluent demographics: High average household income ($114,613 within 1‑mile radius).
Located just west of Hilliard Rome Rd, a main north/south thoroughfare in Hilliard.

Overview

This property features a brand-new, build-to-suit Freddy's restaurant of the latest prototype, slated to open in January 2025. The property is positioned on a large approximately 1.00-acre lot, as a pad site to Sam's Club. The restaurant includes an impressive 15-car stack in the drive-thru. The location benefits from high traffic counts and visibility on Hilliard Rome Rd, a main north/south thoroughfare in Hilliard, with traffic counts of 39,019 CPD. The surrounding area has affluent demographics, with a total population of 188,462 within a 5-mile radius and an average household income of $114,613 within a 1-mile radius. The property is under a long-term, 20-year absolute NNN lease with attractive 7.50% rental escalations every 5 years and four 5-year options to renew. The operator, RAM-Z Custard, LLC, owns and operates 69 locations, including 34 Freddy's restaurants, making it the 6th largest Freddy's franchisee in the U.S., and 35 Schlotzsky's locations, the largest Schlotzsky's franchisee in the country, including those currently under construction. All units back the performance of the lease.

Location Intelligence

Current Use by Public Records

Drive through restaurants

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Location Insight

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Local Demand

City: Hilliard
County: Franklin
State: Ohio
Longitude: -83.1507
Latitude: 39.9838

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For sale
Drive through restaurants
OH
Hilliard
1719 Hilliard Rome Rd

What type of property is this?

Drive through restaurant - New 20-year NNN lease Freddy's restaurant, opening January 2025.

Where is this drive through restaurant located?

The property is located at 1719 Hilliard Rome Rd Hilliard, OH.

What is the asking price?

The asking price for this property is $2,846,000.

What are key features of this property?

This property features: Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years and four 5‑year renewal options.; Located in a dominant retail corridor with high traffic counts (39,019 CPD) and excellent visibility on a ±1.00‑acre pad site next to Sam's Club.; Strong operator/tenant: RAM‑Z Custard, LLC, the 6th largest Freddy's franchisee and largest Schlotzsky's franchisee in the U.S.

1719 Hilliard Rome Rd, Hilliard, OH

New 20-year NNN lease Freddy's restaurant, opening January 2025.

Property Features for 1719 Hilliard Rome Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

CAVA Restaurant Investment Opportunity

New Dual Drive-Thru 7 Brew

Hilliard Office/Warehouse Multi-Tenant Property

Medical/Office Building with Drive Thru

Class A Medical/Office Building

Class A Medical/Office Building

NNN Property in Columbus MSA

Hilliard Warehouse Suites For Sale

Office/Warehouse Building on One Acre

Hilliard Warehouse Space Available

Industrial Storage Facility For Sale

Medical Office Building Opportunity

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