OK TOWN WEST SHOPPING CENTER
LAWTON,
Town West Shopping Center
5324 NW Cache Rd Lawton, OK 73505
OFFERING SUMMARY
*Estimated Start Date
*Analysis Start Date is 08/01/2022
*Urban Air: 5% reimbursement cap for all NNNs. Started at $34,584 per year
*Dollar General: Reimburses Taxes and insurance prorata and fixed $510.32 monthly for CAM in this period. In next option fixed payment goes to $551.15
*Kudo: NNN Cap is $7,200 for 2022. $8,400 for 2023, $9,600 for 2024 and $10,800 for the remainder of their lease
*Teen Challenge: 5% cap on NNNs, base year was $7,700
*Bullet begins paying NNNs May 2022
DBA
Locations
Texas Roadhouse
660+ Locations
Public/Private Public
Line of Business
Texas Roadhouse is a Texas-themed American steakhouse chain restaurant that specializes in steaks in a Texan and Southwestern cuisine style, it is a subsidiary of Texas Roadhouse Inc, which is headquartered in Louisville, Kentucky. The chain operates about 611 locations (as of March 2021) in 49 U.S. states and 28 international locations in 10 countries. It is known for its free buckets of peanuts at each table along with free dinner bread rolls with honey cinnamon butter.
DBA
Locations
Dollar General
16,000+ Locations
Public/Private Public
Line of Business
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of January 2020, Dollar General operates 16,278 stores in the continental United States. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. Dollar General has grown to become one of the most profitable stores in the rural United States with revenue reaching around $27 billion in 2019.
DBA
Urban Air Adventure Park
Locations 175 Locations
Public/Private Private
Line of Business
If you’re looking for the best year-round indoor amusements in the Addison, Carrollton, Farmer’s Branch, Richardson, and North Dallas areas, Urban Air Adventure park is the perfect place! With new adventures behind every corner, we are the ultimate indoor playground for your entire family. Urban Air Adventure Park has been voted BEST Gym In America for Kids by Shape Magazine, BEST Place To Take Energetic Kids and BEST Trampoline Parks.
DBA
Ocean Dental General Dentistry
Locations 15+ Locations
Public/Private Private
Line of Business
Our state-of-the-art clinics are designed to create a comfortable, relaxed atmosphere. All Ocean Dental clinics have a colorful ocean theme, an interactive play area for children, flat screen TVs in our comfortable waiting rooms and televisions above every dental chair. Patient satisfaction is one of our top priorities. Ocean Dental is staffed with a hand-picked team of professionals to offer you the high quality dental care you need and deserve. Our highly skilled doctors and friendly staff help to provide a positive experience for our patient.
DBA Advance America
Locations 1,200+ Locations
Public/Private Private
Line of Business
For the past 23+ years, Advance America has worked to become one of the nation’s leading providers of consumer financial services, with online lending and over 1,200 locations nationwide. At Advance America, they believe that their customers are more than a transaction, and know that with a little bit of help, they can keep going today and look forward to tomorrow.
• Stabilized Retail Center in the Heart of Lawton’s Retail Corridor
• Complementary & Internet Resistant Tenant Line Up
• Anchored by Dollar General, Urban Air & Texas Roadhouse – Over 53% of the GLA Consists of Nationally Recognized Tenants
• Outstanding Tenant Longevity - 44% of Tenants Have Been There for Over 10 Years
• Low Price/SF at $80/SF – Well Below Replacement Cost
• The Property is Positioned at the SE Corner of Cache Rd & 53rd St – Visible to Over 30,000 Vehicles per Day
• Excellent Visibility & Ample Parking
• Surrounding National Retailers Include Walmart Supercenter, Home Depot, Lowe’s, Walgreens, Sam’s Club, ALDI, AutoZone, Raising Cane’s, Staples, CVS, Wendy’s, Whataburger, Chick-fil-A, McAlister’s, Red Lobster, Burger King, Starbucks & Many More
NWQUANAHPARKERTRAILWAY
NW CACHE RD
RIDGECREST
LEARNING TREE
Lawton, OK OVERVIEW
Lawton is a city in, and the county seat of, Comanche County, in the U.S. state of Oklahoma. Located in southwestern Oklahoma, approximately 87 mi (140 km) southwest of Oklahoma City, it is the principal city of the Lawton, Oklahoma, metropolitan statistical area. According to the 2010 census, Lawton’s population was 96,867, making it the fifthlargest city in the state, and the largest in Western Oklahoma.
Developed on former reservation lands of the Kiowa, Comanche, and Apache Indians, Lawton was founded by European Americans on 6 August 1901. It was named after Major General Henry Ware Lawton, who served in the Civil War, where he earned the Medal of Honor, and was killed in action in the Philippine–American War. Lawton’s landscape is typical of the Great Plains, with flat topography and gently rolling hills, while the area north of the city is marked by the Wichita Mountains.
The city’s proximity to the Fort Sill Military Reservation, formerly the base of the Apache territory before statehood, gave Lawton economic and population stability throughout the 20th
century.
Although Lawton’s economy is still largely dependent on Fort Sill, it has grown to encompass manufacturing, higher education, health care, and retail. The city has a council-manager government; the city council members are elected from singlemember districts and the mayor is elected at-large. They hire a professional city manager to direct daily operations. he territory of present-day Oklahoma was long settled by ancient cultures of prehistoric American Indians, including the Clovis, 11500 BCE; Folsom, 10600 BCE; and Plainview, 10000 BCE cultures.
The valleys of the Arkansas River and Red River were the center of Caddoan Mississippian culture, which began to develop about 800 CE. The people developed more dense settlement and a complex architecture of earthwork platform mounds. Archeological evidence has shown that these people were the direct ancestors of the historic Caddoanlanguage peoples who inhabited the larger region, including the Caddo and the Wichita peoples.
CONFIDENTIALITY AGREEMENT
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.
Commercial Disclaimer
STRIVE hereby advises all prospective purchasers of commercial property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker ’s own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer ’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller ’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and
• buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
ӽ that the owner will accept a price less than the written asking price;
ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.