Sale of Freddy’s in Alabama Date March 26, 2026
The Boulder Group has completed the sale of a single tenant Freddy’s Frozen Custard & Steakburgers sale leaseback property located at 3720 Mary Taylor Road in Birmingham, AL for $2,320,000. The Boulder Group’s Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a Freddy’s operator and the purchaser was a California-based 1031 exchange investor.
The Freddy’s property is located along Gadsden Highway in an affluent area with annual household income of $122,000 within a mile. The surrounding area is a regional retail destination that includes Target, The Home Depot, Lowe’s, Best Buy, Hobby Lobby, and The Pinnacle (a 644K SF lifestyle center). The 2,964 square foot property was recently constructed in 2020.
The property features a long-term absolute triple net lease that includes 10% rental increases every five years. The property is leased to a proven Freddy’s operator and an entity controlled by ERC Hospitality, which is one of the largest Freddy’s franchisees with approximately 40 locations. Freddy’s Frozen Custard & Steakburgers has over 560 locations and ranks in the Top 10 of the Fastest Growing Chains in the U.S.
“Quick-service restaurant properties with long-term triple net leases are highly sought after amongst private investors and 1031 exchange buyers,” stated Zach Wright, Vice President.
“We continue to see strong demand for Freddy’s Frozen Custard & Steakburgers properties,” added Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com
PR Contact
Zach Wright 720-604-2220
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