923 Sheridan RdLawton, OK 73505

Property Details for 923 Sheridan Rd

Property size (Sq ft)

544 SF

Property type

Drive through restaurants

APN

99318

APU

99318

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $118,748

  6.5%

  $109,613

  7%

  $101,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,944

  Geo Method

  $164,944

• Alternative Use

  Use

  Valuation

  Residential

  $92,463

  Hospitality

  $84,695

  Educational

  $70,466

  Medical

  $72,889

  Retail

  $109,613

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6184

Longitude

-98.422

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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