• 25 years remaining on absolute triple-net (NNN) ground lease of a free-standing Freddy’s Frozen Custard & Steakburgers in Johnstown, CO. The lease includes 5 x 5-year options and 10% rent increases every 5 years.

• The tenant is Northern Colorado Custard, LLC, a Freddy’s franchise located in Northern Colorado and is backed by 7 units.

• Freddy’s is part of a new 200-acre mixed-use development, Ledge Rock Center. Once completed, the Ledge Rock Center will feature 1,200 apartment units, 160 single-family homes, and over 1 million SF of retail.

• The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.

• A newly opened Buc-ee’s is located across the interstate from the subject property. The site marks the company’s expansion outside of the Southern US and includes a 74,000 SF retail building, 116 fueling stations, and 12 EV charging stations. Buc-ee’s locations typically see over 4.6 million annual visitors (Placer.ai).

• Johnstown, CO has seen an 84.75% population growth since 2010, making it one of the fastest-growing communities in the state. Johnstown’s population is expected to grow another 22% by 2028.