The Boulder Group has completed the sale of a single tenant Freddy’s Frozen Custard & Steakburgers sale leaseback property located at 4952 Central Park Blvd in Denver, CO for $3,250,000. 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 Colorado-based 1031 exchange investor. This was the 2^nd Freddy’s sale leaseback sold by Zach and Brandon in the past six months.

The Freddy’s property is in Denver’s highly desired and extremely affluent Central Park neighborhood. The property is positioned along Central Park Blvd and is about ½ mile north of Interstate 70. The surrounding area boasts average annual household income of $239,000 within a mile and is centrally located within a densely concentrated retail corridor. The 3,919 square foot property was built in 2017.

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.

“Well-located net lease properties in the Denver MSA continue to generate significant investor interest and demand. As a result, Denver MSA net lease properties are trading for a meaningful cap rate premium when compared to national averages and most of the U.S.,” stated Zach Wright, Vice President.

“We continue to see strong demand for Freddy’s Frozen Custard & Steakburgers properties. QSR properties with long-term triple net leases are highly sought after amongst private investors and 1031 exchange buyers,” 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

Zach@BoulderGroup.com

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