7206 NW Cache Rd - Restaurant FOR SALE


Lawton, OK 73505
$1,770,000 USD
949-350-5431
7206 NW Cache Rd, Lawton, OK for Sale
$1,770,000 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

7206 NW Cache Rd
Lawton, OK 73505


HIGHLIGHTS

  • Corporate Guaranteed Lease
  • Tenant Operating at a Very Low Rent to Sales Ratio of 3.77%
  • Located 4 Miles from Fort Sill, a 94,000-Acre Army Base Generating Nearly $2 Billion in Economic Activity Annually
  • Expansive 1.98-Acre Lot, Providing Ample Space for 125 Parking Spots

OVERVIEW

--Corporate Guaranteed Lease --Tenant Operating at a Very Low Rent to Sales Ratio of 3.77% --Prime Retail Location-- -Located on NW Cache Road with Traffic Counts Exceeding 14,000 Cars Per Day -The Subject Property boasts an Expansive 1.98-Acre Lot, Providing Ample Space for 125 Parking Spots -Within Close Proximity to Several Major Retailers such as Homeland, Ace Hardware, Whataburger, Freddy’s Frozen Custard, Dollar Tree, Target, T.J. Maxx, Walmart, Panda Express, and Many More --Corporate Guarantee-- -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Outback Steakhouse has Over 1,300 Locations in 23 Countries -Outback Steakhouse is a Subsidiary of Bloomin’ Brands Restaurant Group. Bloomin’ Brands Reported Over $4.4 Billion in Revenue -Pride of Property Ownership Lawton, OK -Located 4 Miles from Fort Sill, a 94,000-Acre Army Base Generating Nearly $2 Billion Annually and Supporting over 100,000 Military Personnel, Family Members, Civilians, Retirees and Contractors in the Lawton-Southwest Oklahoma Region. Fort Sill is the State’s Third-Largest Single Site Employer -Located in Densely Populated Market with Over 66,380 Residents within 5 Miles -Average Household Income within 1 Mile Exceeds $77,713 Broker of Record: Tim Speck – License: #149994

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse -3.77% Rent to Sales Ratio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

-

APN/PARCEL ID

0080544

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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