New Freddy's Restaurant For
For Sale
Contact for pricing
Pending
1719 Hilliard Rome Rd, Hilliard, OH
New 20-year NNN lease Freddy's restaurant, opening January 2025.
Property Size2,900 SF
Lot Size16.21 Acres
Days on Market635
Property Features for 1719 Hilliard Rome Rd
General Information
Standard status
Pending
Size
2,900 SF
Lot size
16.21 Acres
Property subtype
RETAIL
Listing Agency:
Commercial Investment Advisors (CIA) - Corporate
(480) 214-5088
Listed By:
Justin Zahn
(480) 718-5555
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Sep 11
Last Checked: Sep 13 at 11:23AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
1.1M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 19%
Apparel 19%
Superstores 18%
Sam's Club
Superstores
103,196 visits/mo
0.2 miles
Meijer
Groceries
95,386 visits/mo
0.2 miles
Target
Superstores
93,432 visits/mo
0.5 miles
Kohl's
Apparel
56,234 visits/mo
0.4 miles
Chick-fil-A
Dining
47,412 visits/mo
0.5 miles
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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.
