3112 Cache Rd Lawton, OK 73505-3828

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.