3720 North StNacogdoches, TX 75965

Property Details for 3720 North St

Year built

2023

Lot size

2.17 AC

Property size (Sq ft)

3,148 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 3,148 square foot Freddy's Frozen Custard restaurant in Nacogdoches, Texas. Located on a 2.17-acre lot at 3720 North St, 75965, this property boasts a prime location in a high-traffic retail corridor, less than one mile from Stephen F. Austin State University. The property, built in 2023, features a modern design consistent with Freddy's latest prototype and benefits from a long-term, absolute NNN lease with Ram-Z Custard, LLC, the seventh largest Freddy's franchisee in the US. The lease has 19 years remaining on the initial 20-year term, with four 5-year renewal options and attractive 7% rent bumps every five years. The property's strong performance is further supported by the tenant's ownership and operation of 67 locations, including 33 Freddy's and 34 Schlotzsky's restaurants. With a current NOI of $195,000 and a 5.50% cap rate, this offering presents a compelling investment opportunity in a thriving market. The property enjoys excellent visibility and accessibility, with daily traffic counts exceeding 24,890 vehicles. Surrounding the property are numerous national retailers, including Walmart, Lowe's, and AMC Theatres, further enhancing its desirability and potential for continued success. The Nacogdoches area boasts a 2023 population of 36,196 and an average household income of $78,092, indicating a strong and affluent demographic base. This single-tenant, fee-simple ownership includes both the building and land, offering a secure and stable investment with significant long-term growth potential. The property is zoned C.

Location Insight

City

Nacogdoches

County

Nacogdoches

State

Texas

Latitude

31.6387

Longitude

-94.6532

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