Freddy's Frozen Custard & Steakburgers - Kerrville, TX
SHOP Companies is pleased to offer for sale the fee simple interest in a 3,027 SF (GLA) single-tenant Freddy’s Frozen Custard and Steakburgers located in Kerrville, TX. The asset is excellently located on a prominent corner in Kerrville, the fast-growing hub of the Texas Hill Country, and is offered subject to a new absolute net, 15-year lease which commences August 1, 2023. The operator, BSPub Holdings, LLC, has signed a multi-unit development agreement with the brand to build Freddy’s stores across five Texas counties. The lease is further enhanced by a personal guarantee from the operator.
The subject property sits near the center of downtown Kerrville, on a hard corner at the signalized intersection of Sydney Baker Street (19,974 VPD) and Schreiner Street (7,106 VPD). The .6 acre site includes excellent ingress and egress, visibility, and a spacious wraparound drive-thru. The site is in near proximity to both Walgreens and McDonalds, as well as many other national tenants. Just a few blocks away, a high-performing H-E-B attracts 2.2 million visitors annually (Placer A.I.). H-E-B was founded in Kerrville in 1905. The subject property is a second-generation restaurant space, which creates major rent savings for the tenant compared to similar new construction stores.