A Freddy’s Frozen Custard & Steakburgers property in Englewood, Ohio, recently sold for approximately $2.8 million under a long‑term triple‑net (NNN) lease, reflecting strong investor demand for the brand’s real‑estate assets. The restaurant continues to operate normally, and the sale represents a transfer of ownership of the building, not the business itself.
Property Overview
- Location: 910 S Main St, Englewood, Ohio 45322
- Sale Price: ≈ $2.8 million
- Type: Single‑tenant retail / QSR investment
- Tenant: Freddy’s Frozen Custard & Steakburgers (franchisee‑operated)
- Lease Structure: Absolute NNN lease — tenant covers taxes, insurance, and maintenance
- Building Size: ≈ 2,500 sq ft with drive‑thru and indoor dining
- Year Built: 2024 (new construction replacing the former Bolts Sports Café site)
Investment Highlights
- Long‑term stability: Freddy’s leases typically run 15 years + renewal options.
- Strong brand performance: Average unit volume (AUV) ≈ $1.9 million nationwide.
- Passive income: NNN leases provide predictable returns with minimal landlord involvement.
- Prime location: High‑traffic corridor near Dayton — ideal for retail visibility and drive‑thru access.
- Recent construction: Modern design reduces maintenance costs and enhances resale value.
Market Context
Freddy’s has become a sought‑after tenant in the net‑lease investment market, with cap rates typically ranging 6 – 6.5 % depending on lease term and location. The Englewood sale aligns with similar transactions in 2025–2026, where investors favored new‑build QSR properties offering reliable franchise guarantees.
Conclusion
The $2.8 million sale of Freddy’s Englewood underscores the brand’s growing appeal among real‑estate investors seeking stable, long‑term returns. The restaurant remains open, serving its signature steakburgers and frozen custard. At the same time, the property now generates passive income for its new owner — a win‑win for both the franchise and the investment community.
See More: Freddy’s All Beef Hot Dog