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1000 Lonnie Abbott Blvd
Ada, OK 74820
FREDDY’S (20 Year Absolute NNN) – ADA, OK · Retail Property For Sale
Investment Highlights
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations
- The 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country.
- DENSE REAIL CORRIDOR | RETAIL CORRIDOR: Located in dominant retail area, adjacent to a Tractor Supply Co./Walls/ Ollie Bargain Outlet Shopping Center
- TENANT: Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction)
- 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
- 2025 DEMOGRAPHICS: Total Population (5MI): 24,772 | Average Household Income (1MI): $82,348
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,504,102 CAD
Price Per SF
$1,401.64 CAD
Cap Rate
6.25%
NOI
$219,006 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.98 AC
Zoning
C - Commercial
Frontage
213’ on J A Richardson Loop
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 0525-27-004-006-0-013-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $72,689 CAD | Total Assessment | $72,689 CAD |
Property Taxes
Parcel Number
0525-27-004-006-0-013-00
Land Assessment
$72,689 CAD
Improvements Assessment
$0 CAD
Total Assessment
$72,689 CAD
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