Freddy’s (74 Unit Operator) – Tulsa, 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 74 locations, which include 39 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!**
• BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an impressive 10-car stack in drive-thru - slated to open August 2025
• TRAFFIC COUNTS | INFILL LOCATION: Located on a spacious ±0.95-acre parcel with great visibility/access on E 51st St S with traffic counts of 17,053 CPD - Just east of S Yale Ave & E 51st St S where traffic counts exceed 62,780 CPD!
• 2024 DEMOGRAPHICS: Total Population (5MI): 249,980 | Average Household Income (1MI): $108,825

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 74 locations, which include 39 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!** Freddy’s is a New, build-to-suit of Freddy’s latest prototype with an impressive 10-car stack in drive-thru - slated to open August 2025.

The Asset is Located on a spacious ±0.95-acre parcel with great visibility/access on E 51st St S with traffic counts of 17,053 CPD - Just east of S Yale Ave & E 51st St S where traffic counts exceed 62,780 CPD! Nearby major retailers include Target, Sam’s Club, Home Depot, Lowe’s, Academy Sports + Outdoors, World Market, Ross Dress for Less, Burlington, Old Navy, Hibbett Sports, Michaels, PetSmart, Petco, Ulta Beauty, Daiso, Best Buy, Furniture Row, Barnes & Noble, Five Below, Reasor’s, AMC Theatres, Planet Fitness, and Genesis Health. It is 13 minutes (7 miles) to Tulsa Community College (TCC) Metro Campus - home to the Thomas K. McKeon Center for Creativity, Nursing & Allied Health Programs, Dental Hygiene Clinic, and the Nate Waters Physical Therapy Clinic - serving 10,965 students (Fall 2024); 6 minutes (1.5 miles) to Saint Francis Hospital - a 1,112-bed tertiary center, known for its outstanding medical care & sophisticated services such as Labor & Delivery, Emergency/Trauma Center, Cardiovascular Surgery, Physical Medicine & Rehabilitation, Comprehensive Stroke Center, etc.

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