The Freddy’s Frozen Custard & Steakburgers property in Flowood, Mississippi (421 W Pineview Dr) is currently listed for sale at approximately $3.175 million under a new 15‑year absolute NNN lease with scheduled rental increases. This makes it an investment opportunity rather than a closure of the restaurant itself — the franchise continues to operate on site.
Property Overview
- Address: 421 W Pineview Dr, Flowood, MS 39232
- Type: Retail/QSR (Quick Service Restaurant)
- Size: ~2,788 sq. ft. building
- Price: $3,175,000 (approx. $1,138.81 per sq. ft.)
- Cap Rate: 6.35%
- Lease: Brand new 15‑year absolute NNN lease (tenant covers all expenses)
- Tenant: Freddy’s Frozen Custard & Steakburgers (franchisee guaranteed)
- Construction: 2024 build, drive‑thru equipped, excellent visibility along Lakeland Drive
See More: Freddy’s Flowood
Investment Highlights
- Long‑term stability: 15‑year lease with scheduled rent increases.
- Established brand: Freddy’s operates over 500 locations nationwide, offering strong tenant credit.
- Prime location: Centralized in Flowood near residential and commercial developments.
- Absolute NNN lease: Investors receive passive income with minimal landlord responsibilities.
Key Considerations
- Price point: At $3.175M, this is positioned for institutional or high‑net‑worth investors.
- Market risk: While Freddy’s is a strong brand, franchisee performance can vary.
- Liquidity: Single‑tenant NNN properties can be harder to resell quickly compared to multi‑tenant retail.
Conclusion
Freddy’s Flowood is not closing — the restaurant continues to operate. The property itself is being marketed as a net‑lease investment opportunity with a long‑term tenant in place. For investors, it offers stable returns backed by a nationally recognized brand, while for customers, Freddy’s Flowood remains open and serving its signature steakburgers and custard.
See More: Freddy’s Flowood For Sale