Contacts

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 ®

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

Points of Interest

Walmart

1.99 miles
Murphy USA

2.51 miles
Phillips 66

2.61 miles
Valero

2.65 miles
Hop and Sack

2.94 miles
Alon

3.28 miles
Fort Still Apache Market

4.23 miles
Love's

6.49 miles
Hop In Sack

7.05 miles

Greer Park

0.61 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

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

0.93 miles
Walmart Neighborhood Market

1.93 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.