Freddy’s (74 Unit Guaranty) – Mcalester, Ok

Highlights:

• LONG-TERM LEASE: 18 years remaining on initial 20-YEAR ABSOLUTE NNN LEASE with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
• TENANT | GUARANTORS: 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!**
• BRAND NEW CONSTRUCTION: Well-positioned on a pad site to a newly constructed Hobby Lobby/Ross/T.J. Maxx Anchored Retail Center
• TRAFFIC COUNTS: Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy (main north/south thoroughfare in McAlester with with traffic counts of 23,767 CPD!
• 2026 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 21,165 | Average Household Income (1MI): $113,284

Description:

Freddy’s has 18 years remaining on initial 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!*

The Asset is Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy (main north/south thoroughfare in McAlester with with traffic counts of 23,767 CPD! Pad site to a Hobby Lobby Anchored Shopping Center with key tenants such as T.J. Maxx, Ross, Ollie’s Bargain Outlet, Bealls & Five Below; nearby retailers include Walmart, Lowe’s, Shoe Dept., Tractor Supply, Atwoods, Cato Fashions, Harbor Freight, True Value, Petsense, Pruett’s Food, Dollar Tree, Dollar General, Family Dollar, Apex Cinema; Dining options include Starbucks, Chick-Fil-A, McDonald’s, Wendy’s, Sonic Drive-In, Taco Bell, Chili’s Grill & Bar, Pizza Hut, Little Caesars, Rib Crib, Subway, and Braum’s Ice Cream. There are 6 public schools in McAlester (1 Pre-K, 3 elementary, 1 middle and 1 high schools) serving 2,987 students; 3.5 miles from McAlester Regional Hospital - a 149-bed public trust health care facility serving Pittsburg County & surrounding areas; Less than 4 miles from Saint Francis Children’s Physicians Pediatrics - provides comprehensive pediatric primary care for children with 162 beds.

Documents: