Outback Steakhouse -3.77% Rent to Sales Ratio | 7206 NW Cache Rd
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Outback Steakhouse -3.77% Rent to Sales Ratio 7206 NW Cache Rd
6,171 SF Retail Building Lawton, OK 73505 $1,770,000 ($287/SF) 6% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease
- Located 4 Miles from Fort Sill, a 94,000-Acre Army Base Generating Nearly $2 Billion in Economic Activity Annually
- Tenant Operating at a Very Low Rent to Sales Ratio of 3.77%
- Expansive 1.98-Acre Lot, Providing Ample Space for 125 Parking Spots
Executive Summary
--Corporate Guaranteed Lease
--Tenant Operating at a Very Low Rent to Sales Ratio of 3.77%
--Prime Retail Location--
-Located on NW Cache Road with Traffic Counts Exceeding 14,000 Cars Per Day
-The Subject Property boasts an Expansive 1.98-Acre Lot, Providing Ample Space for 125 Parking Spots
-Within Close Proximity to Several Major Retailers such as Homeland, Ace Hardware, Whataburger, Freddy’s Frozen Custard, Dollar Tree, Target, T.J. Maxx, Walmart, Panda Express, and Many More
--Corporate Guarantee--
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Outback Steakhouse has Over 1,300 Locations in 23 Countries
-Outback Steakhouse is a Subsidiary of Bloomin’ Brands Restaurant Group. Bloomin’ Brands Reported Over $4.4 Billion in Revenue
-Pride of Property Ownership Lawton, OK
-Located 4 Miles from Fort Sill, a 94,000-Acre Army Base Generating Nearly $2 Billion Annually and Supporting over 100,000 Military Personnel, Family Members, Civilians, Retirees and Contractors in the Lawton-Southwest Oklahoma Region. Fort Sill is the State’s Third-Largest Single Site Employer
-Located in Densely Populated Market with Over 66,380 Residents within 5 Miles
-Average Household Income within 1 Mile Exceeds $77,713
Broker of Record: Tim Speck – License: #149994
--Tenant Operating at a Very Low Rent to Sales Ratio of 3.77%
--Prime Retail Location--
-Located on NW Cache Road with Traffic Counts Exceeding 14,000 Cars Per Day
-The Subject Property boasts an Expansive 1.98-Acre Lot, Providing Ample Space for 125 Parking Spots
-Within Close Proximity to Several Major Retailers such as Homeland, Ace Hardware, Whataburger, Freddy’s Frozen Custard, Dollar Tree, Target, T.J. Maxx, Walmart, Panda Express, and Many More
--Corporate Guarantee--
-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
-Outback Steakhouse has Over 1,300 Locations in 23 Countries
-Outback Steakhouse is a Subsidiary of Bloomin’ Brands Restaurant Group. Bloomin’ Brands Reported Over $4.4 Billion in Revenue
-Pride of Property Ownership Lawton, OK
-Located 4 Miles from Fort Sill, a 94,000-Acre Army Base Generating Nearly $2 Billion Annually and Supporting over 100,000 Military Personnel, Family Members, Civilians, Retirees and Contractors in the Lawton-Southwest Oklahoma Region. Fort Sill is the State’s Third-Largest Single Site Employer
-Located in Densely Populated Market with Over 66,380 Residents within 5 Miles
-Average Household Income within 1 Mile Exceeds $77,713
Broker of Record: Tim Speck – License: #149994
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,171 SF
Building Class
C
Year Built
1999
Price
$1,770,000
Price Per SF
$287
Cap Rate
6%
NOI
$106,152
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.97 AC
Amenities
- Restaurant
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 0080544 | Improvements Assessment | $77,425 |
| Land Assessment | $102,283 | Total Assessment | $179,708 |
PROPERTY TAXES
Parcel Number
0080544
Land Assessment
$102,283
Improvements Assessment
$77,425
Total Assessment
$179,708
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Outback Steakhouse -3.77% Rent to Sales Ratio | 7206 NW Cache Rd
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