September 10, 2025 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a Freddy’s in Grove City, Ohio. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,740,000.
Freddy’s is located at 4264 Buckeye Parkway in Grove City, Ohio. The new construction Freddy’s is improved by a 3,027 square foot building positioned on a 1.158-acre parcel of land and has 19+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease features an attractive 7% rent increases every five years throughout the primary lease term and at the start of each renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation. This location is operated by Ram-Z-Custard, LLC, an experienced franchisee within the Freddy’s system. Freddy’s is an outparcel to a Target and Hobby Lobby anchored shopping center and is across the street from a Walmart Supercenter anchored shopping center, both of which drive significant traffic to the area. Freddy’s enjoys outstanding visibility and frontage along Buckeye Parkway and is seconds from Interstates 71 and 270. Additionally, the Property is convenient to area schools and residential neighborhoods that provide a built-in customer base. Grove City is in central Ohio, approximately 7 miles south of Columbus.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.