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2512 NW Cache Rd 8,736 SF Retail Building Lawton, OK 73505 $4,115,385 ($471.08/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Quality Tenant - Texas Roadhouse (NASDAQ: TXRH): Publicly traded, investment-grade national restaurant chain with a strong operating history.
- Zero Landlord Responsibilities: tenant covers all operating expenses, insurance, taxes, and maintenance.
- Prime Location on Lawton’s Retail Corridor: Located on NW Cache Road with excellent visibility and strong traffic counts.
- Long-Term Absolute NNN Ground Lease: 15-year term with 10% rent escalations every 5 years and three renewal options.
- Attractive Market Fundamentals: Lawton serves as the regional economic hub of Southwest Oklahoma.
EXECUTIVE SUMMARY
Texas Roadhouse (the “Property”) is a newly constructed, freestanding single-tenant net lease (STNL) asset located along NW Cache Road, one of Lawton’s most prominent commercial corridors. Texas Roadhouse relocated their previous location farther west on NW Cache Road to this newly constructed site, and the new location has significantly outperformed their initial sales projections. Positioned on a highly visible retail pad with excellent ingress and egress, the Property benefits from strong regional connectivity and immediate access to major thoroughfares serving the Lawton market.
Texas Roadhouse opened in September 2025, the 8,736 square-foot building sits on a well-designed site with 194 dedicated parking spaces, offering superior customer experience and drive-by visibility. The Property is leased 100% to Texas Roadhouse under a long-term sale-leaseback structure.
The tenant has executed a 15-year absolute NNN lease commencing upon property delivery, with 10% rent increases every five years and renewal options available—offering investors a stable, passive income stream with predictable growth and zero landlord responsibilities.
Texas Roadhouse opened in September 2025, the 8,736 square-foot building sits on a well-designed site with 194 dedicated parking spaces, offering superior customer experience and drive-by visibility. The Property is leased 100% to Texas Roadhouse under a long-term sale-leaseback structure.
The tenant has executed a 15-year absolute NNN lease commencing upon property delivery, with 10% rent increases every five years and renewal options available—offering investors a stable, passive income stream with predictable growth and zero landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,736 SF
Building Class
C
Year Built
2025
Price
$4,115,385
Price Per SF
$471.08
Cap Rate
5.20%
NOI
$214,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.61 AC
Zoning
C-5 - General Commercial District
Frontage
180’ on NW Cache Rd.
AMENITIES
- 24 Hour Access
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 160026870 | Improvements Assessment | $0 |
| Land Assessment | $189,298 | Total Assessment | $189,298 |
PROPERTY TAXES
Parcel Number
160026870
Land Assessment
$189,298
Improvements Assessment
$0
Total Assessment
$189,298
CONTACTS
-
John David Cobb -
Brandon Beeson -
Claire Schmeltekopf -
EDGE Realty Capital Markets
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2512 NW Cache Rd
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