1200 E 15th St - Freestanding FOR SALE


Edmond, OK 73013
$3,452,550 USD
254-716-4448
1200 E 15th St, Edmond, OK for Sale
$3,452,550 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

1200 E 15th St
Edmond, OK 73013


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,452,550 USD

PRICE/SF

$1,520 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Andy's Frozen Custard | New 20yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,259 SF

ZONING

PUD

APN/PARCEL ID

219041000

ASK ABOUT THIS PROPERTY

John TobenNational Net Lease GroupMore Info
254-716-4448

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John TobenNational Net Lease GroupMore Info
254-716-4448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.