Overview
NNN Leased Freddy's Restaurant
The property is a Freddy’s restaurant with 19 years remaining on an initial 20-year Absolute NNN lease, featuring 7.50% rental escalations every 5 years with four 5-year options to renew. The tenant, Ram-Z Custard, LLC, operates 42 Freddy’s restaurants (including those under construction), ranking as the 6th largest Freddy’s franchisee in the U.S., along with 34 Schlotzsky’s locations and 7 Popeyes locations in Alabama, totaling 83 units. The property is located on a pad site to a Lowe’s, across from a Walmart store, in the main retail corridor of Marshall. Situated on a 0.82-acre lot, the property offers visibility and access on E End Blvd N, a main north-south thoroughfare, with traffic counts of 24,328 CPD. Nearby retailers include Hobby Lobby, Citi Trends, Bealls Outlet, Boot Barn, Big Lots, Ollie’s Outlet, Tractor Supply, Harbor Freight, Petsense, Kroger, Super 1 Foods, Cash Saver, Dollar Tree, Dollar General, Family Dollar, Factory Connection, Ivan Smith Furniture, Aaron’s, Rent-A-Center, Sherwin Williams, Walgreens, CVS, and Planet Fitness. The property is 1.5 miles from East Texas Baptist University, which has 1,813 students, less than 3 miles from Texas State Technical College Marshall, serving 858 students, and 2.5 miles from CHRISTUS Good Shepherd Medical Center, a 149-bed facility with a Level III Trauma Center. The building size is 2,800 square feet.
