This
is a owner operated, and managed 24/7 restaurant. All
furniture, inventory, and equipment are included in the sale. In addition, the
management has been employed for approximately 18 years, who when
asked, stated a desire to stay. They handle the day to day operations.
Deferred maintenance is
virtually nil as the interior was remodeled in 1996, 2002, 2005,
& 2007.
The neighborhood is in
the southeast section of the city on Lee Boulevard which is Oklahoma
State Highway 7. Highway 7 is a four lane, divided highway which
extends to Duncan, OK to the east, and joins with Oklahoma State
Highway 62 in Lawton, OK and continues west to Altus Oklahoma and
Altus Air Force Base.
A light industrial area
which is approximately 200 acres attached directly north of the site
continues to add new businesses. There are numerous plumbing,
electrical, roofing, and other construction firms along with
electrical and plumbing and contracting supplier companies. Several
Pool and Spa companies, warehouses, auto repair services.
Southerland's Home Depot is just 3 blocks north. Not to be
forgotten, two Indian Casinos. Comanche Nation located on I-44 less
than a mile, and Fort Sill Apache Casino just another 1/2 mile off the
exit to the East.
A
GEO 2,500 bed correctional facility has been
Constructed 8.5 miles to the southeast. GEO has submitted
another proposal for another prison 1/4 mile from the current
location. This will bring even more
traffic through the area. The potential is excellent, as Highway 7
traffic count continues to rise. With aggressive management, the
income potential is endless.
In the immediate area,
there are 6 medium to high end hotels, with rooms totaling over
2,518. Springhill by Marriott, and Holiday Inn are the newest,
with another being built on the excess road behind, and to the south of Oklahoma
State Highway Patrol Station G. Bring even more tourist and local
traffic to the immediate area. Being a Major Military Training Center, every 13 weeks
graduation from Fort Sill fills up all surrounding Hotels with
family members. Fort Sill will gain 13,608 jobs by 2009, as the
BRAC 2005 Closure and Realignment
comes to a close.
The highest and best
use is to continue as a restaurant, as it is close to hotels, major
highways, Sutherlands Home Improvement, GEO Lawton Correctional Facility,
the light industrial area, and the two Indian Gaming Casinos. By
2010, the Elgin, OK BAE Plant is scheduled to come
on-line, making the next generation of self propelled Vehicle,
formally known as the Crusader, also referred to as the
Non-Line-of-Sight for the US Army.
Zoning is C~4 Tourist
Commercial District.
Improvements include a
one-story masonry building containing approximately 2,560 square
feet. Concrete block and brick structure was constructed in 1974.
Roofing is all steel
beams and deck, with a non-flat deck dropping from the front edge to
the rear wall, to avoid flat roof drainage problems.
Interior walls are
concrete block with metal studs and 5/8" fire rated sheet rock. The
interior has Quarry tile flooring throughout the entire building.
The two restrooms have handicap accessibility. Site improvements
consist of a front and east side parking area, which is asphalt
paved and curbed. The back parking lot is graveled, giving plenty
of parking for the trucking industry. The site contains
approximately 24,500 square feet.
Due to health reasons
and a desire to retire after 53 years in the food service business,
the owner would like to sell the Complete Business, and Property. A
Lease Back Option should you consider buying this prime real estate
for future project, is available.
The Bigchef.net function, is to
give a general description of said property, and the general area.
For a more complete detailed report, the owner's Agent has a prepared
investors package.
