3541 Hamner Ave, Norco, CA 92860
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Listed Price :
$3,789,500
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
2024
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
3541 Hamner Ave |
| City |
Norco |
| State |
CA |
| Zip |
92860 |
| County |
Riverside |
| Listing Agent |
Paul Matysek DRE #01757671 |
| Courtesy Of |
Matysek Investment Group, Inc. |
| List Price |
$3,789,500 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Retail |
| Structure Size |
N/A |
| Lot Size |
21,344 |
| Year Built |
2024 |
Listing information courtesy of: Paul Matysek, Matysek Investment Group, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 8:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
