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    Drive-Through Restaurant with NNN Lease Title is generated by Realmo AI

    1000 Lonnie Abbott Boulevard, Ada, OK 74820

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    New Freddy’s build-to-suit opened in 2025 with an absolute NNN structure and long-term lease terms.

    Type:Retail
    Property size:
    2,500 SF
    Lot size:
    0.98 Acres
    Price / SF:
    $1,024/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 1:29 pm

    Property Features for 1000 Lonnie Abbott Boulevard

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.98 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Justin Zahn

    Listing agent Justin Zahn License #SA545840000

    Listing office Commercial Investment Advisors (CIA) Scottsdale

    Listing date Jun 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) Scottsdale

    HighLights

    • Brand‑new 2025 Freddy’s build‑to‑suit opened November 2025
    • 20‑year absolute NNN lease with 7.50% rental escalations every 5 years plus four 5‑year renewal options
    • Tenant is Ram‑Z Custard, LLC with 42 Freddy’s locations (including under construction), 34 Schlotzsky’s locations, and 7 Popeyes locations in Alabama (83 total unit guaranty)
    • Property sits on a 10.98‑acre lot with access/visibility on Lonnie Abbott Blvd and traffic counts of 15,860 CPD
    • Drive‑thru includes a 12‑car stack
    • Freddy’s is about 5 minutes (less than 2 miles) to East Central University and 9 minutes (3 miles) to Mercy Hospital Ada (156 beds)

    Overview

    This is a newly built, build-to-suit Freddy’s drive-through restaurant that opened in November 2025. The property was constructed to the brand’s latest prototype and includes a 12-car stack for drive-through service. The offering is structured as an absolute NNN lease.

    The restaurant is located in a dominant retail area on Lonnie Abbott Boulevard with visibility and access. It sits on a 10.98-acre lot and is adjacent to a Tractor Supply Co./Walls/Ollie Bargain Outlet shopping center, across from a Home Depot. Reported traffic counts are 15,860 CPD. Major retailers in Ada include Walmart, Home Depot, Hobby Lobby, Bomgaars, Walls, Ollie’s Bargain Outlet, and multiple additional regional and national tenants.

    The current tenant, Ram-Z Custard, LLC, is an experienced multi-concept owner/operator. The lease term is 20 years with attractive 7.50% rental escalations every five years and four additional five-year renewal options. The lease benefits from an 83 total unit guaranty tied to the tenant’s Freddy’s, Schlotzsky’s, and Popeyes footprint, with all units backing the lease performance. The location is also near East Central University and Mercy Hospital Ada, both serving the surrounding regional market.
    Location Intelligence

    Current Use by Public Records

    C & H Bit ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.665177
    Latitude
    34.790651

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    FAQs

    What type of property is this?
    Drive through restaurant - New Freddy’s build-to-suit opened in 2025 with an absolute NNN structure and long-term lease terms.
    Where is this drive through restaurant located?
    The property is located at 1000 Lonnie Abbott Boulevard Ada, OK.
    What is the asking price?
    The asking price for this property is $2,560,000.
    What are key features of this property?
    This property features: Brand‑new 2025 Freddy’s build‑to‑suit opened November 2025; 20‑year absolute NNN lease with 7.50% rental escalations every 5 years plus four 5‑year renewal options; Tenant is Ram‑Z Custard, LLC with 42 Freddy’s locations (including under construction), 34 Schlotzsky’s locations, and 7 Popeyes locations in Alabama (83 total unit guaranty)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Zahn
    Real Estate License ID: SA545840000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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