The lease is guaranteed by Lone Star Custard Holdings, LLC, the second-largest operator in the Freddy's Frozen Custard & Steakburgers system. Built by Dallas-raised brothers John, Nick, and Joe DePinto, Lone Star Custard entered the Freddy's system in 2022 and has scaled to 47 restaurants across Texas, spanning the Dallas-Fort Worth, San Antonio, Austin, Houston, Rio Grande Valley, and Corpus Christi markets. With a corporate guaranty from the parent company standing behind the lease, the tenant offers credit depth backed by one of the largest and most established operating bases in the brand.

Co-founded in 2002 by brothers Bill and Randy Simon, along with their friend and business partner, Scott Redler, the three men named the restaurant after Bill and Randy's father, Freddy Simon, a World War II veteran. Today, Freddy's restaurants from coast-to-coast serve a menu reminiscent of the all-American meals Freddy prepared for his family. Freddy's offers a full menu of longtime favorites from steakburgers to sundaes, as well as hot dogs and chicken. Their kitchens prepare all food only after it is ordered to ensure high quality and freshness. Freddy's locations pride themselves on being bright, clean, and efficient, with quick service and ample room for families to gather and enjoy their time together.

The Freddy's concept is rapidly expanding, with the brand now having a presence of over 550 locations across 36 states, and it is slated to continue expanding its footprint with a strong pipeline fueled by continued franchise development success.

Laredo is the largest city on the Texas-Mexico border and the busiest inland port in the United States. Sitting on the Rio Grande across from Nuevo Laredo, it is the primary commercial gateway between the two countries: the Laredo land port, anchored by the World Trade Bridge, handled $353.9 billion in two-way trade in 2025 and processes more than six million northbound trucks per year, more than any other crossing in the country. That trade engine sustains a deep, expanding base of logistics, warehousing, customs-brokerage, and transportation employment.

The city is home to roughly 270,000 residents and continues to grow, with a young population and large household sizes that drive steady consumer demand. Laredo's retail base is unusually strong for a market its size: it remains under-stored relative to its population, draws substantial cross-border spending from Mexican nationals, and carries Texas's maximum 8.25% sales tax, all of which support high per-store sales. Texas A&M International University adds more than 7,000 students and ranks among the city's largest employers. As an income-tax-free market positioned at the center of North American trade, Laredo offers investors a durable, demand-driven economy.