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Andy's Frozen Custard | New 20yr Abs NNN 1200 E 15th St
2,271 SF Retail Building Edmond, OK 73013 $3,452,550 ($1,520/SF) 6% Cap Rate
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
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.
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Andy’s Frozen Custard is a quick-service frozen dessert business. They are a freestanding restaurant, with drive through and walk-up service windows. They exclusively sell frozen custard treats. Andy’s has a wide variety of treats, from simple vanilla or chocolate cones, to seasonal favorites like their Pumpkin Pie Concretes and Strawberry Shortcake Sundaes. Their approach has been fairly simple: Hire great people, treat them right, and try to get the product in as many mouths as possible. Andy’s Frozen Custard focuses on three main things: product quality, customer service, and community involvement. Their efforts in these areas are what make them unique in the markets they serve. It is this commitment to quality that allows them to be confident in saying that Andy's makes the best frozen treat in the entire world!
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 219041000 | Improvements Assessment | $0 |
| Land Assessment | $28,699 | Total Assessment | $28,699 |
PROPERTY TAXES
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Andy's Frozen Custard | New 20yr Abs NNN | 1200 E 15th St
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