Freddy’s – Ada, Ok

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 owns & operates 76 locations which include 41 Freddy’s restaurants (including those currently under construction), making it 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. **All units back the performance of the lease!**
• 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
• 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

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 owns & operates 76 locations which include 41 Freddy’s restaurants (including those currently under construction), making it 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. **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 - slated to open 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

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