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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 20YEAR ABSOLUTE NNN LEASE: Brand new 20year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an impressive 12-car stack in drive-thru - opened November 2025
- 2025 DEMOGRAPHICS: Total Population (5MI): 24,772 | Average Household Income (1MI): $82,348
- TENANT: Ram-Z Custard, LLC is an experienced multi concept owner/ operator with 42 Freddy’s restaurants
- DENSE REAIL CORRIDOR | RETAIL CORRIDOR: Located in a dominant retail area, adjacent to a Tractor Supply Co./Walls/ Ollie Bargain Outlet Shopping Cen
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Nov 2045
Freddy grew up on a farm near Colwich, Kansas, just outside of Wichita. After finishing high school, Freddy enlisted in the U.S. Army, serving in the Pacific Rim region during World War II. A self-proclaimed “regular guy”, he was awarded the Purple Heart for injuries sustained during service, as well as a Bronze Star for valor. Freddy then returned to Kansas, started a family, worked hard in the hospitality industry for 56 years, and raised six children with his wife, Norma Jean. Freddy's family values and patriotic service to his country is the foundation of Freddy's Frozen Custard and Steakburgers®, and these values have inspired them to do everything The Freddy's Way.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Nov 2045 |
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
Presented by
FREDDY’S (20 Year Absolute NNN) – ADA, OK | 1000 Lonnie Abbott Blvd
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