Starbucks Lawton, OK

3908 Northwest Cache Road
Lawton, OK

Price: $1528000
Cap Rate: 5.40%
NOI: $82,500
Building Size: Approx. 2378 Sq. Ft.
Lot Size: Approx. 0.45 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1987 / 2016

Investment Overview

  • 2016 Renovations | 2,378+/- SF Building on .45+/- Acre Site
  • Newly Extended 10-Yr, Corp Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along NW Cache Rd (37,000 VPD), just S of Hwy 62 (31,000 VPD)
  • Near Home Depot, Lowes, Aldi, Kmart, La Quinta, IHOP, Valero, Big Lots, U-Haul
  • Local Attractions: Central Mall Lawton (523,763 SF) | The Holy City | Apache Casino
  • Major Employers: Military ($779 million ann. payroll) | Goodyear Tire & Rubber Co (2,400 Empl)
  • 5-Mile Radius: 2016 Estimated Population: 85,691 l 3-Mile Average Household Income:  $56,903
  • Lawton is home to Fort Still, a major Army installation with total military population of over 55,000
  • The Lawton trade area is the largest retail hub between Dallas & Oklahoma City

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