Red Lobster
3112 NW Cache Road
Lawton, OK 73505
Highlights
- Priced to Sell at 7.5% Cap
- 15 Years Remaining on Base Term plus Options
- Annual 2% Increases
- Located on High Traffic Road with Approx. 35,000 VPD
- Dense Infill Location
- Surrounded by Multiple National Retailers and Hotels
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.
