7206 NW Cache Rd
Lawton, OK 73505
Outback Steakhouse: Lawton, OK · Retail Property For Sale

CBRE’S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,171-square-foot freestanding Outback Steakhouse on 1.97 acres in Lawton, Oklahoma (Population: 127,349). The property is ideally located with excellent access and visibility on N Cache Road (10,000 VPD) just east of NW 67th Street (18,000 VPD) within one of Lawton’s primary retail and commercial corridors. Other major retailers in the immediate vicinity include Home Depot, Walmart Supercenter, Academy Sports, TJ Maxx, PetSmart, Tractor Supply Company, Walgreens, McDonald’s and O’Reilly Auto Parts among many others. In all, there is 2.8 MSF of retail space within a 3-mile radius. Additionally, the restaurant is less than 4.5 miles south of Fort Sill Military Base which is the region’s primary economic driver and has an annual economic impact of $1.9 billion. Fort Sill employs approximately 23,500 people and combined with the 15,000+ households and 4,499 multifamily units within a 3-mile radius, these factors provide the restaurant with a substantial built-in customer base. Furthermore, the tenant is planning to complete an exterior remodel at the end of 2018, demonstrating their continued commitment to the site. At closing, Outback Steakhouse will execute a new 10-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors an excellent opportunity to acquire a net leased asset leased on a long-term NNN basis to one of the nation’s premier casual dining restaurant operators.