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