Blue West Capital has completed the sale of a single-tenant Freddy’s Frozen Custard & Steakburgers property at 13628 Washington St. in Kansas City, Missouri, for more than $2.4 million.
Zach Wright and Brandon Wright of Blue West Capital represented the repeat seller in this transaction.
The seller is a Midwest-based development company. The buyer was an all-cash California-based investor. The transaction closed in 21 days.
This Freddy’s Frozen Custard & Steakburgers property features a long-term net lease with no landlord responsibilities. The lease includes 10% rental increases every five years and is guaranteed by M&M Custard, the third-largest Freddy’s franchisee. Freddy’s has about 450 locations.
