Freddy's Frozen Custard & Steakburgers

For Sale

3541 Hamner Avenue, Norco, CA 92860

This Norco property for sale is located at 3541 Hamner Avenue. The current listed sale price for Freddy's Frozen Custard & Steakburgers is $3,600,000.

Contacts

broker

Paul Z. Matysek

Matysek Investment Group

Property Details

  • Property Type Retail - Freestanding
  • Units 0
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Nov 20, 2024

Matysek Investment Group is pleased to present this sale-leaseback opportunity to purchase a brand new Freddy’s Frozen Custard & Steakburgers on a 20-year, absolute NNN lease with 10% rental increases throughout the primary term and options. The franchisee, Salim Development Group, LLC (SDG), will personally guaranty (high net worth) and is a multi-concept operator with over 22 businesses (3 Freddy's, 17 Wienerschnitzels, and multiple car washes). Freddy’s has a development agreement with SDG to build 12 total stores over the next 7 years, which an aggressive yet calculated growth plan (contact Broker for article link). Freddy’s currently has 512 locations which has grown from 400 just a few years ago. The site had it’s grand opening July 30, 2024 and is projected to do over $3M in annual sales (their Fontana location is on pace to do ~$2.9M in sales and Norco is projected to do more). SDG carefully hand picks all their locations, and self develops the majority. This care has led to SGD being one of the most profitable franchisees in each respective concept. This triple net lease includes an effective inflation hedge with 10% rental increases every 5 years including throughout the six 5-year options. Exceptionally located at the busy Hamner Avenue (37,000+ VPD), this location is projected to have exceptional sales volumes and be highly profitable, securing the investor sentiment that the rent will always be paid in full and on time.

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Attachments

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  • 53/100

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  • 23/100

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Location

  • City Norco, CA
  • Zip Code 92860
  • Market Inland Empire

Points of Interest

  • Corona–North Main

    3.62 miles

  • Pedley

    5.56 miles

  • East Ontario

    7.42 miles

  • Arco

    0.19 miles

  • Chevron

    0.34 miles

  • 76

    0.47 miles

  • Norco Shell

    1.76 miles

  • Shell

    2.30 miles

  • 7-Eleven

    2.70 miles

  • Ralphs

    2.81 miles

  • Eastvale - Limonite Ave SuperCharger

    2.88 miles

  • Vons 2688 Fuel Station

    2.98 miles

  • Western Gas

    3.67 miles

  • Norco @ 6th St Park And Ride

    0.33 miles

  • C

    0.96 miles

  • B

    1.13 miles

  • Disabled Only

    1.33 miles

  • Lot "K"

    1.33 miles

  • Lot "B"

    1.37 miles

  • A

    1.40 miles

  • Service Vehicles

    1.40 miles

  • Police Vehicles

    1.41 miles

  • Lot "A"

    1.41 miles

  • Bob's Big Boy

    0.05 miles

  • Wienerschnitzel

    0.15 miles

  • Crazy Brothers Sushi

    0.19 miles

  • Scramblers Cafe

    0.20 miles

  • Loco Burrito

    0.25 miles

  • Jack in the Box

    0.36 miles

  • McDonald's

    0.37 miles

  • Dona Luisa’s Mexican Grill

    0.37 miles

  • Wetzel's Pretzels

    0.47 miles

  • Norco's Best Burgers

    0.56 miles

  • Stater Bros. Markets

    0.82 miles

  • Stater Bros.

    2.33 miles

  • Target

    2.34 miles

  • WinCo Foods

    2.45 miles

  • Albertsons

    2.63 miles

  • Ralphs

    2.76 miles

  • ALDI

    2.77 miles

  • Ross

    2.83 miles

  • Vons

    2.92 miles

  • Kohl's

    3.07 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Paul Z. Matysek

Matysek Investment Group