Edmond, OK - Andy's Frozen Custard

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-
thru equipped, freestanding, Andy’s Frozen Custard investment property located in Edmond, Oklahoma (Oklahoma City MSA). The tenant, Ranchers Custard Company LLC, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management free investment opportunity for a passive investor. Rancher’s Custard Company, LLC is an experienced franchisee currently operating 18 locations. Rancher’s Custard Company’s CEO is a highly experienced operator who worked directly for Andy’s Frozen Custard for 10 years before leaving to join Rancher’s Custard Company, which has been growing exponentially since his arrival.

Andy’s Frozen Custard is strategically located along 15th Street with clear visibility and access to an average of 23,400 vehicles passing by daily. The asset benefits from direct access onto U.S. Highway 77 (54,100 VPD), Interstate 35 (76,200 VPD), and other major routes, making this a centralized location with easy access for customers and employees. The asset is ideally situated in a dense retail trade area being in close proximity to Spring Creek Village (99K+ SF), Edmond Plaza (140K+ SF), Edmond Crossing (174K+ SF), and other major shopping centers. The nearby national/credit tenants include Starbucks, Target, Lowe’s Home Improvement, Walmart Supercenter, Petco, Sam’s Club, Chick-Fil-A, and more. Furthermore, the property is near numerous single-family communities and multi-family complexes including Windrush (160 units), Spring Creek (252 units), Coffee Creek (256 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 133,500 residents and 60,000 daytime employees, with an affluent average household income of $121,980.