Graystone Capital Advisors is pleased to exclusively present a best-in-class single-tenant net-leased investment opportunity featuring Freddy’s Frozen Custard & Steakburgers in Opelika, Alabama, one of the fastest-growing MSAs in the state and a beneficiary of sustained population, employment, and retail growth.

The property is secured by a brand-new 20-year absolute triple-net (NNN) sale-leaseback, providing investors with long-term, passive income and built-in rent growth. The lease features 10% rental escalations every five years, enhancing inflation protection and long-term yield, with zero landlord responsibilities throughout the primary term.

This investment is corporate-backed by JRI Hospitality, the largest Freddy’s franchisee globally, operating 80+ Freddy's locations across 15 states with a substantial development pipeline. JRI’s scale, operating history, and demonstrated commitment to the Freddy’s brand materially reduce tenant risk and support long-term lease performance.

Founded in 2002, Freddy’s Frozen Custard & Steakburgers has established itself as a leading fast-casual brand with a differentiated menu centered on premium frozen custard and cooked-to-order steakburgers. The brand’s streamlined operations, strong unit economics, and loyal customer base have fueled consistent national expansion. As of 2025, Freddy’s operates approximately 550 locations nationwide, with continued growth planned in both core and emerging markets.

JRI Hospitality, headquartered in Salina, Kansas, is a sophisticated, multi-unit restaurant operator with a combined 90+ locations, founded by CEO Jason Ingermanson. Since its inception, JRI has rapidly scaled a diverse restaurant portfolio spanning multiple concepts and geographies.