Outback Steakhouse (Corporate Guarantee)
7206 NW Cache Road, Lawton, OK 73505
Property Description
Price: $1,770,000
Price Per/SF: $286.83
Land Area: ±1.97 AC (±85,813 Square Feet)
Cap Rate: 6.00%
Gross Leasable Area: ±6,171 Square Feet
Year Built: 1999
Investment Highlights
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
- 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
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643