NW Sheridan Rd Properties Retail FOR SALE


Lawton, OK
$6,099,000 USD
405-790-0404
, Lawton, OK for Sale
$6,099,000 USD
Retail - FOR SALE
1/10
null | 7.32% Cap Rate

NW Sheridan Rd Properties
Lawton, OK


HIGHLIGHTS

  • The shopping center is 82.65% leased out to Staples, Aaron's & US Cellular all national tenants with an average tenure of 24 years
  • US Cellular and Aaron's recently went thru their new store design & brand changes which was a significant investment on their part
  • Site improvements include asphalt paving, parking lot lighting and pole mounted signage. New TPO roof over Staples and Aaron's in 2024
  • *Incoming Pinspiration Franchisee brings the occupancy level to 100%
  • Located on former Indian Reservation land qualifies this property for an accelerated asset depreciation rate (consult with a CPA or Tax Advisor
  • Self manageable with 5 tenant spaces

OVERVIEW

Sheridan Rd Shopping Center in Lawton, Oklahoma built in 1999/2000 and remodeled in 2021 sets on 3.01 acres and has a gross leasable area of approximately 36,866 SF anchored by Staples Office Supplies and complimented by national chain tenants Aaron's and US Cellular. These 3 tenants account for 83.65% of the GLA and have an average tenancy tenure of 24 years. Locally owned and operated Mango Cannabis and incoming Pinspiration Franchisee complete the rent roll and bring the occupancy level to 100%..

ASK ABOUT THIS PROPERTY

Dave ShannonAndy Janko RealtyMore Info
405-790-0404

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Dave ShannonAndy Janko RealtyMore Info
405-790-0404

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