This exceptional investment opportunity presents a fee-simple ownership of a 3,435 square-foot Freddy's Frozen Custard & Steakburgers restaurant in Ogden, Utah. Located on 1.01 acres at 235 12th St, 84404, this single-tenant property boasts an absolute NNN lease with zero landlord responsibilities, providing a passive income stream. The lease, commencing May 5, 2015, and expiring May 31, 2030, has a remaining term of 5.5 years with two 10-year renewal options and 1.5% annual rent bumps. The property enjoys a 6.75% cap rate and a strong NOI of $185,561, with a current asking price of $2,749,000 ($800.29/sq ft). Situated in a high-traffic area with over 26,000 vehicles per day, this location benefits from its proximity to other national retailers, including Chick-fil-A, WinCo Foods, Natural Grocers, and Panda Express, within a dense retail corridor. The tenant, a subsidiary of JRI Hospitality, the largest Freddy's franchisee in the country, operates over 84 locations. This prime retail property offers a compelling investment opportunity with excellent real estate fundamentals and significant growth potential in a rapidly expanding market. The property features a one-story building with ample parking and high visibility due to its prominent location and large monument sign. This is a truly passive investment with a strong tenant and a long-term lease.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,286,060
6.5%
$1,187,132
7%
$1,102,337
Comparable approach
Method
Valuation
Relative Method
$1,672,169
Geo Method
$1,672,169
Alternative Use
Use
Valuation
Residential
$1,001,390
Hospitality
$917,268
Educational
$763,156
Medical
$789,403
Retail
$1,187,132
Location Insight
City
Ogden
County
Weber
State
Utah
Latitude
41.2438
Longitude
-111.975
CBSA code
36260
CBSA name
OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Learn more
Useful Information
Request information
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.