3112 Cache Rd Lawton, OK 73505-3828
- Turn key restaurants
- 6,030 SF
- 1.47 lot acres
Current Use by Public Records
- Jack in the box / Fast Food Restaurant
Property Details for 3112 Cache Rd
- Year built
- 1980
- Lot size
- 1.47 lot acres
- Property size
- 6,030 SF
- Property type
- Turn key restaurants
- APN
- 26878
- APU
- 26878
Description
This exceptional Lawton, OK investment opportunity presents a 6,350 square foot single-tenant retail building, formerly a Red Lobster restaurant. Located at 3112 NW Cache Rd, in the Lawton submarket of Comanche County, this property offers a compelling passive income stream. Originally constructed in 1980 and renovated in 2012, the building is currently vacant and ready for a new tenant. The property is classified as an absolute triple net (NNN) lease, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance. This structure presents a significant advantage for investors seeking minimal management responsibilities. The property boasts a strong historical performance, evidenced by its previous occupancy by a well-established restaurant chain. The attractive 7.5% capitalization rate, coupled with annual fixed 2% rent increases, ensures a stable and growing return on investment. This prime location in Lawton, Oklahoma, within the 73505 zip code, offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-yield, low-maintenance commercial property. The building's size and layout are well-suited for a variety of restaurant or retail uses, providing flexibility for future tenants. This is a rare opportunity to acquire a well-maintained, historically successful property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,370,000
- 6.5%
- $3,970,000
- 7%
- $3,310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,210,000
- Geo Method
- $3,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,420,000
- Retail
- $3,335,000
- Mixed-Use
- $3,790,000
- Hospitality
- $4,330,000
- Educational
- $3,110,000
- Residential Income
- $4,060,000
- Energy
- $4,000,000
- Income-Based Land
- $3,265,000
- Food Service
- $3,345,000
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4316
- Latitude
- 34.6227
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
