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FREDDY’S (20 Year Absolute NNN) – ADA, OK 1000 Lonnie Abbott Blvd 2,500 SF 4-Star Retail Building Ada, OK 74820 $2,560,000 ($1,024/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations
- The 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country.
- DENSE REAIL CORRIDOR | RETAIL CORRIDOR: Located in dominant retail area, adjacent to a Tractor Supply Co./Walls/ Ollie Bargain Outlet Shopping Center
- TENANT: Ram-Z Custard, LLC owns & operates 76 locations which include 41 Freddy’s restaurants (including those currently under construction)
- BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an impressive 12-car stack in drive-thru - slated to open November 2025
- 2025 DEMOGRAPHICS: Total Population (5MI): 24,772 | Average Household Income (1MI): $82,348
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,560,000
Price Per SF
$1,024
Cap Rate
6.25%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.98 AC
Zoning
C - Commercial
Frontage
213’ on J A Richardson Loop
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Freddy's Frozen Custard
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Freddy's Frozen Custard | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0525-27-004-006-0-013-00 | Improvements Assessment | $0 |
| Land Assessment | $53,633 | Total Assessment | $53,633 |
PROPERTY TAXES
Parcel Number
0525-27-004-006-0-013-00
Land Assessment
$53,633
Improvements Assessment
$0
Total Assessment
$53,633
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FREDDY’S (20 Year Absolute NNN) – ADA, OK | 1000 Lonnie Abbott Blvd
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