For Sale
$1,488,000

923 Sheridan Rd Lawton, OK 73505

High-growth coffee shop, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 510-square-foot, drive-thru-only 7 Brew coffee shop located at 923 NW Sheridan Rd, Lawton, OK 73505. The property sits on a 0.88-acre lot and boasts a 15-year absolute NNN ground lease with a 6.25% cap rate and a $93,000 annual net operating income (NOI). The lease includes five 5-year renewal options, each with a 10% rent increase. Built in 2022, this 100% occupied property benefits from its prime location in Lawton's main retail corridor, directly across from a top-performing Walmart Supercenter and Sam's Club, and near other national retailers including Aldi, Chick-fil-A, Whataburger, and Raising Cane's. The property's high visibility and accessibility on NW Sheridan Road, a thoroughfare with over 28,000 vehicles passing daily, ensure consistent customer traffic. Lawton's robust economy is significantly driven by the nearby Fort Sill military base, a major employer supporting over 100,000 people and generating nearly $2 billion annually. The 7 Brew franchisee operating this location is a significant player in the rapidly expanding 7 Brew chain, with 21 units and growing. This investment offers a compelling combination of strong tenant, prime location, and favorable lease terms, making it an attractive addition to any portfolio. The asking price is $1,488,000, representing a price per square foot of $2,917.65.

Highlights

  • Absolute NNN 15-year ground lease in Lawton, OK, with 10% rent increases every 5 years.
  • Lease with 7 Crew, LLC, a major 7 Brew franchisee (21+ units).
  • Located across from a top-performing Walmart Supercenter and Sam's Club.
  • Strong retail location near Aldi, Chick-fil-A, Whataburger, and other national retailers.
  • Two miles from Fort Sill, a major military base generating nearly $2 billion annually.
  • 7 Brew coffee shop, a rapidly expanding brand with a drive-thru model.

Property Details for 923 Sheridan Rd

Property type
Retail properties
Square Feet
510 SF
Year Built
2022
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.6190652
Longitude
-98.4218393

FAQs

What type of property is this?
Retail property - High-growth coffee shop, strong ROI.
Where is the retail property located?
The property is located at 923 Sheridan Rd Lawton, OK.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Absolute NNN 15-year ground lease in Lawton, OK, with 10% rent increases every 5 years.; Lease with 7 Crew, LLC, a major 7 Brew franchisee (21+ units).; Located across from a top-performing Walmart Supercenter and Sam's Club.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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923 Sheridan Rd
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