Freddy’s – Ada, OK

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 is an experienced multi-concept owner/operator with 42 Freddy’s restaurants (including those currently under construction), making it the 6th largest Schlotzsky’s franchisee in the U.S.! The lease is further guaranteed by Ram-Z Restaurant Group that includes 34 Schlotzsky’s locations, making it 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!** 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 and the surrounding areas in south-central Oklahoma.

Property Highlights