3541 Hamner Ave Active

Norco,CA 92860

$ 3789500

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24157613

Year Built 2024

Lot Size 0.490 Acres

Property Description

We are pleased to present this sale-leaseback opportunity to purchase a brand new Freddy?s Frozen Custard & Steakburgers on a 20-year, absolute NNN lease with 10% rental increases throughout the primary term and options. The franchisee, Salim Development Group, LLC (SDG), will personally guaranty (high net worth) and is a multi-concept operator with over 22 businesses (3 Freddy's, 17 Wienerschnitzels, and multiple car washes). Freddy?s has a development agreement with SDG to build 12 total stores over the next 7 years, which an aggressive yet calculated growth plan (contact Broker for article link). Freddy?s currently has 512 locations which has grown from 400 just a few years ago. The site had it's grand opening on July 30, 2024, and is projected to do over $3M in annual sales (their Fontana location is on pace to do ~$2.9M in sales and Norco is projected to do more). SDG carefully hand picks all their locations, and self develops the majority. This care has led to SGD being one of the most profitable franchisees in each respective concept. This triple net lease includes an effective inflation hedge with 10% rental increases every 5 years including throughout the six 5-year options. Exceptionally located at the busy Hamner Avenue (37,000+ VPD), this location is projected to have exceptional sales volumes and be highly profitable, securing the investor sentiment that the rent will always be paid in full and on time.

Location

State CA

County Riverside

Area 250 - Norco

Interior

Laundry None

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Special Listing Condition Standard

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