2302 NW Sheridan Rd - Freestanding FOR SALE


Lawton, OK 73505
$835,578 USD
847-562-0003
2302 NW Sheridan Rd, Lawton, OK for Sale
$835,578 USD
Freestanding - FOR SALE
1/5
null | 9% Cap Rate

2302 NW Sheridan Rd
Lawton, OK 73505


HIGHLIGHTS

  • 82,000+ people live within a five-mile radius
  • Family Dollar has executed numerous lease renewals at this location
  • Consistent sales figures – this location reports sales (inquire with broker)
  • Proximity to Interstate 44 (37,500 VPD), Highway 62 (29,000 VPD), & NW Cache Rd (37,600 VPD)
  • Minimal landlord responsibilities – Structure only
  • Minutes from The United States Army’s Fort Sill Military Base (20,000 personnel)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar property located in Lawton, Oklahoma. The property was constructed for Family Dollar in 2002. Since then, Family Dollar has executed several renewal options with the most recent extending the lease through December 2026. Family Dollar has one 5-year renewal option remaining with a 10% rental escalation. The lease is a modified triple net where the landlord is only responsible for the building structure. Family also reports sales at this location and has maintained consistent throughout their tenancy (inquire with broker for more information). The 7,992 square foot property benefits from its position along NW Sheridan Road which experiences over 21,200 vehicles per day. Additionally, the subject is within proximity to three major thoroughfares for the area that include Interstate 44 (37,500 VPD), Highway 62 (29,000 VPD), & NW Cache Rd (37,600 VPD). Family is also located less than one mile from the U.S. Army’s Fort Sill Military Base. Fort Sill is home to over 20,000 active-duty personnel and trainees. The Base is used to train thousands of soldiers annually in artillery and missile operations. There is a large mix of nearby retailers that include Walmart Supercenter, Sam’s Club, ALDI, Goodwill, Whataburger, Raising Cane’s, The Home Depot, Lowe’s, and several others. There are over 82,000 people living within a five mile radius that earn an average household income of $71,195. Family Dollar is a leading discount retail chain in the United States, operating over 8,000 stores across 46 states. Known for its commitment to providing customers with a wide range of essential products at affordable prices, Family Dollar offers a diverse inventory including groceries, household items, apparel, and seasonal merchandise. The company’s strategic focus on serving low-to-moderate-income communities ensures a steady and loyal customer base. Family Dollar’s efficient supply chain management and extensive store network contribute to its robust financial performance, making it a reliable tenant and a valuable asset for investors seeking stable returns in the retail sector.

FOR SALE DETAILS

PRICE

$835,578 USD

PRICE/SF

$105 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

0026852

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.