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33227811
33227810

1000 Lonnie Abbott Boulevard, Ada, OK 74820

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,560,000
4 days on market
Updated 4 days ago

FREDDY'S FROZEN CUSTARD - ADA, OK

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 2,500
Net Rentable (SqFt) 2,500
Cap Rate 6.25%
NOI $160,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2045
Rent Bumps Yes
Lease Options Four 5-Year Renewal Options
Year Built 2025
Acreage 0.980
Zoning C
Parking Spaces 25 spaces
Parking Per SqFt 10.00
Investment Type Net Lease
Lease Commencement 11/18/2025
Ground Lease No
Ownership Fee Simple (Building & Land)

Retail | 6.25% CAP | 2,500 SqFt

Marketing description

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**

It is Located in a dominant retail area, adjacent to a Tractor Supply Co./Walls/ Ollie Bargain Outlet Shopping Center (across from Home Depot) - property sits on a ±0.98-acre lot with an excellent visibility/access on Lonnie Abbott Blvd with traffic counts of 15,860 CPD!

The Asset is a New, build-to-suit of Freddy’s latest prototype with an impressive 12-car stack in drive-thru - OPENED November 2025. Major retailers in Ada include Walmart, Home Depot, Hobby Lobby, Bomgaars, Walls, Ollie’s Bargain Outlet, Maurices, Cato Fashions, Hibbett Sports, Petsense, Bath & Body Works, Sally Beauty, Sherwin-Williams, Staples, Tractor Supply Co., Ace Hardware, Locke Supply, Mead Lumber, Dollar Tree, Dollar General, Family Dollar, Goodwill, Rent-A-Center, Aaron’s, ALDI, Pruett’s Food, 10Box Cost Plus, Walgreens, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Cinemark. Freddy’s is 5 minutes (less than 2 miles) to East Central University - a public university offering various degree programs serving 3,576 students; 9 minutes (3 miles) to Mercy Hospital Ada - a 156-bed, acute-care facility with a full-service surgery center, serving Pontotoc County & the surrounding areas in south-central Oklahoma

Investment highlights

  • BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • TENANT: Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY).
  • BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an impressive 12-car stack in drive-thru - opened November 2025
  • DENSE REAIL CORRIDOR | RETAIL CORRIDOR: Located in a dominant retail area, adjacent to a Tractor Supply Co./Walls/ Ollie Bargain Outlet Shopping Center (across from Home Depot) - property sits on a ±0.98-acre lot with an excellent
  • 2025 DEMOGRAPHICS: Total Population (5MI): 24,772 | Average Household Income (1MI): $82,348

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Brian Brockman
License
177814
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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