Red Lobster Lawton,Oklahoma

$3,375,000
Available
Property type:Single-Tenant Net Lease

The space

  • Price: $3,375,000
  • Rentable SF: 6,350
  • Annual Rent: $236,198
  • Price PSF: $531.50
  • Lease Guarantor: Corporate
  • Lease Type: NNN
  • Lease Term: 25 Years
  • Option Periods: 5, 5-Year Options
  • Rent Increases: 2% Annually
  • Lease Expiration: 7/31/2039

Description

3112 N.W. Cache Road
Lawton, OK 73505

Investment Highlights

  • 25-Year, Triple Net (NNN) Lease with 19 Years Remaining on Base Term
  • Five, Five-Year Renewal Options with Two Percent Annual Rent Increases
  • Fort Sill Military Base, Cameron University, and Residential Neighborhoods Located within a Five-Mile Radius from Subject Property, Providing Outstanding Base of Customers for the Only Upscale Seafood Restaurant in Lawton, Oklahoma
  • Total Population in Fort Sill is About 53,000 Including 20,000 Military and Civilian Personnel, and 33,000 Military Family Members
  • Major Retail Corridor on Cache Road With a Daily Traffic Count of Nearly 30,000 Vehicles
  • Around the Corner from a Walmart Supercenter and Sam’s Club Anchored Shopping Center
  • Surrounding National Retailers Including Walmart, Sam’s Club, KFC, Lowes, Home Depot, McDonald’s, Burger King, Dunkin Donuts, Wendy’s, Big Lots, Party City and Many More

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Red Lobster located in Lawton, Oklahoma. This Red Lobster offers a 25-Year, triple net (NNN) lease with 19 years remaining on base term. The lease features five, five-year renewal options with two percent annual rent increases.

This Red Lobster is located in the major retail corridor on Cache Road with a daily traffic count of nearly 30,000 vehicles. Fort Sill Military Base, Cameron University, and Residential Neighborhoods are located within a five-mile radius from subject property, providing outstanding base of customers for the only upscale seafood restaurant in Lawton, Oklahoma. Total population in Fort Sill is about 53,000 including 20,000 military and civilian personnel, and 33,000 military family members.

The subject property is exceptionally located west of I-44 and south of Highway 62. Around the corner from a Walmart Supercenter and Sam’s Club anchored shopping center, surrounding National Retailers Including Walmart, Sam’s Club, KFC, Lowes, Home Depot, McDonald’s, Burger King, Dunkin Donuts, Wendy’s, Big Lots, Party City and Many More.


Mark McCoy

Oklahoma Broker of Record

Lic # 181981

[email protected]

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