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1402 S Main StLaurinburg, NC 28352
Freddy's
Asset ClassRetail
Cap Rate: 6%Access Data Room
STRONG FRANCHISEE | FRONTING MAIN COMMUTER CORRIDOR
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Freddy’s Frozen Custard & Steakburger | Laurinburg, NC. The Premises is leased to Freddy’s Frozen Custard & Steakburgers for a 15-year initial term with three (3) - five (5) year options. The Asset is well positioned on the main commuter corridor in Laurinburg, NC and close to I-74 (23k VPD).

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Investment Highlights

ATTRACTIVE LEASE FUNDAMENTALS

  • New 15 year NNN lease
  • 8% rent increases every 5 years
  • No Landlord responsibilities

FAST GROWING BRAND

  • Freddy’s currently has over 300 locations in 31 states
  • Expansion plans include to have over 600 stores by middle of 2024

NEW STATE OF THE ART BUILDING

  • Building is being built to suit Freddy’s concept
  • Warranties will be assigned to new owner

POSITIONED ON A RETAIL CORRIDOR

  • Over 1.7MSF of retail space located in a 1-mile radius
  • Nearby National QSRs include: Burger King, Arby’s, Biscuitville, McDonald’s, Bojangles, and Dunkin

HIGHLY VISIBLE AND TRAFFICKED LOCATION

  • Fronting S. Main St (14,500 VPD)
  • Approximately 1/3 mile to I-74 (20,500 VPD)
  • Two points of ingress & egress (S. Main St & Biggs St)
  • ~1.25 Miles to Downtown Laurinburg

SO-PAK-CO FACILITY

  • So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation
  • $85M project
  • 440 new jobs
  • State Economic Impact totaling $1.5B
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1402 S Main StLaurinburg, NC 28352

Sales Team

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Listing provided by Revere CRE