Red Lobster

3112 NW Cache Road Lawton, OK 73505

3112 NW Cache Road, Lawton, OK, 73505
3112 NW Cache Road, Lawton, OK, 73505 3112 NW Cache Road, Lawton, OK, 73505 3112 NW Cache Road, Lawton, OK, 73505 3112 NW Cache Road, Lawton, OK, 73505 3112 NW Cache Road, Lawton, OK, 73505
FOR SALE
Property Type:
Restaurant
Amount:
$3,408,906
Last Verified:
May 06, 2024

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Highlights


Description

Presenting an exceptional investment opportunity in Lawton, OK! This 6,350 SF single-tenant building, occupied by Red Lobster, was originally constructed in 1980 and renovated in 2012. This is a well-seasoned, absolute triple net property, making it an enticing prospect for an investor looking for a passive investment at an exceptional cap rate of 7.5% with annual fixed 2% increases. The iconic Red Lobster restaurant has been a long term tenant at this location and presents a lucrative investment opportunity. With its strategic location in the Lawton area and a history of high occupancy, this property represents a secure and promising venture for investors looking to capitalize on the thriving retail and dining sector. Embrace the chance to acquire a sought-after property with a renowned tenant and a proven track record of success.

Lawton, OK is a thriving city with a diverse economic landscape that presents a compelling opportunity for restaurant ventures. The area's economic vitality is bolstered by the presence of a nearby military base, Fort Sill, which attracts a large and diverse population of military personnel and their families. Additionally, Lawton's economy has grown to encompass manufacturing, higher education, health care, and retail. These economic drivers create a dynamic and consistent customer base for Red Lobster.

NW Cache Road, is one of the main bustling commercial corridors, serving as a gateway to a variety of retail and dining establishments. This connector road provides high visibility and accessibility for Red Lobster. With a strategic location near multiple hotels/motels, the military base and a vibrant commercial district, this site offers an ideal environment for restaurants to thrive and become integral components of the local dining scene.


Year Built: 1980
Building Size: 6350sq ft
Lot Size: 1.47 acres

Map of 3112 NW Cache Road, Lawton, OK, 73505

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because: