7206 Cache Rd Lawton, OK 73505

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Outback Steakhouse property located at 7206 NW Cache Rd, Lawton, OK 73505. The 6,171 square foot restaurant sits on a sizable 1.97-acre lot, providing ample parking for 125 vehicles. The property boasts a strong 6.00% cap rate and a Net Operating Income (NOI) of $106,152. The lease, with a corporate guarantee from Outback Steakhouse, features a remaining term of four years, expiring November 15, 2028, and includes 1% annual rent bumps. The tenant operates under a very low rent-to-sales ratio of 3.77%. This prime retail location benefits from high traffic counts exceeding 14,000 cars daily on NW Cache Road, and is situated near numerous major retailers including Homeland, Ace Hardware, Whataburger, Freddy's Frozen Custard, Dollar Tree, Target, T.J. Maxx, Walmart, and Panda Express. Built in 1999, this property offers a stable investment with minimal landlord responsibilities, making it ideal for passive investors. The property's strategic location near Fort Sill, a significant military base, further enhances its appeal, given the base's substantial economic impact on the Lawton-Southwest Oklahoma region. The densely populated area, with over 66,380 residents within a five-mile radius and an average household income exceeding $77,713 within one mile, ensures a robust customer base. Lease options for four or five-year extensions are available.