Red Lobster

For Sale

3112 NW Cache Road, Lawton, OK 73505

This Lawton property for sale is located at 3112 NW Cache Road. The current listed sale price for Red Lobster is $3,408,906. Red Lobster is situated on a lot that is 1.47 acre in size.

Contacts

broker

Fariba Kavian

NAI Capital

Property Details

  • Property Type Retail - Restaurant
  • Property Size 6,350 SF
  • Units 1
  • Lot Size 1.47 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1980
  • Year Renovated 2012
  • Date Updated Oct 7, 2024
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.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.

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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

Getting around

  • 69/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lawton, OK
  • Neighborhood Lawton
  • Zip Code 73505
  • Market Oklahoma City

Points of Interest

  • Murphy USA

    2.51 miles

  • Hop and Sack

    2.94 miles

  • Fort Still Apache Market

    4.23 miles

  • Love's

    6.49 miles

  • Hop In Sack

    7.05 miles

  • Howell Hall Parking Lot

    1.05 miles

  • Burch Hall Parking Lot

    1.06 miles

  • Fine Arts Parking Lot

    1.09 miles

  • Cameron Stadium Parking

    1.11 miles

  • Administrative Building Parking

    1.14 miles

  • East Campus Parking

    1.15 miles

  • Cameron Library/Academic Commons Parking Lot

    1.16 miles

  • Faculty Parking

    1.26 miles

  • Science Complex Parking

    1.32 miles

  • Cameron Village Parking

    1.34 miles

  • Red Lobster

    0.00 miles

  • Burger King

    0.08 miles

  • Jack in the Box

    0.11 miles

  • Long John Silver's

    0.13 miles

  • Taco Bell

    0.15 miles

  • Golden Corral

    0.17 miles

  • McDonald's

    0.18 miles

  • Buffalo Wild Wings

    0.30 miles

  • Pizza Hut

    0.32 miles

  • Jersey Mike's Subs

    0.33 miles

  • Walmart Supercenter

    0.50 miles

  • ALDI

    0.64 miles

  • Ross

    0.90 miles

  • Walmart Neighborhood Market

    1.93 miles

  • Walmart Supercenter

    2.37 miles

  • Homeland

    2.55 miles

  • Kohl's

    2.58 miles

  • Central Plaza

    2.64 miles

  • JCPenney

    2.73 miles

  • Target

    3.66 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Fariba Kavian

NAI Capital