Andy's Frozen Custard | New 20yr Abs NNN 1200 E 15th St

Investment Highlights

Brand- New 20 Year Lease | Annual Rental Increases | Options To Extend | Experienced Operator | Established Brand Located Along 15th Street | Centralized Location | 2023 Construction | Drive-Thru Equipped | Canopy Prototype Direct Residential Consumer Base | Affluent Community | Strong Demographics in 5-mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Dense Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence

Executive Summary

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.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    2,271
• Year Built    2023
• Price    3,452,550
• Price Per SF    1,520
• Cap Rate    6
• NOI    207,154
• Tenancy    Single
• Building Height    1 Story

• Restaurant
• Signage
• Drive Thru