Freddy’s – Craig & Arcata

Craig Rd. and Arcata Way, North Las Vegas, NV 89030

— For Sale —

List Price$4.0MM

Size +/- 3,200 SF

Cap Rate 4.25%

Property Information

LOGIC Commercial Real Estate is pleased to present a new construction single-tenant net-leased Freddy’s Frozen Custard & Steakburgers located within a new development in
Las Vegas, NV. Freddy’s is a privately owned American fast-casual restaurant chain with more than 400+ locations in 33 states.

The franchisee, JRI Hospitality, is the largest franchise operator of Freddy’s with +/- 80 existing locations across 15 states and plans for additional growth. This brand-new Freddy’s Frozen Custard & Steakburgers benefits from a new 20-year absolute NNN Lease with zero landlord responsibility and is comprised of a +/-3,200 SF building with drive-thru situated on a +/- 0.87 AC parcel.

The Property is located at the signalized intersection of E. Craig Rd. and Arcata Way and is strategically positioned to capture continually increasing traffic counts, currently exceeding +/-60,500 CPD. The asset is well positioned in a high growth trade area with nearby co-tenants coming to the corridor including 7-Eleven, Dutch Bros, AutoZone, Wow Car Wash, McDonald’s, El Pollo Loco, Starbucks, Olive Garden, Chili’s, and more.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
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Shareholder

Sean Margulis

Partner
Las Vegas
License S.0070247
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O 702.954.4102
C 702.340.4251
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