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1201-1217 NW Sheridan Rd Properties 2 Retail Properties Offered at $5,900,000 in Lawton, OK
INVESTMENT 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
- Site improvements include asphalt paving, parking lot lighting and pole mounted signage. New TPO roof over Staples and Aaron's in 2024
- Located on former Indian Reservation land qualifies this property for an accelerated asset depreciation rate (consult with a CPA or Tax Advisor
- US Cellular and Aaron's recently went thru their new store design & brand changes which was a significant investment on their part
- *Incoming Pinspiration Franchisee brings the occupancy level to 100%
- Self manageable with 5 tenant spaces, 1201-1217 NW Sheridan Rd, Lawton OK 73505
EXECUTIVE SUMMARY
Sheridan Rd Shopping Center in Lawton, Oklahoma built in 1999/2000 with remodels and updates in 2021-2024 sets on 3.01 acres providing 160 parking spaces 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%...(see attached Offering Memorandum in the Data Room for further details)
DATA ROOM Click Here to Access
- Offering Memorandum
- Miscellaneous
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $5,900,000 | Number of Properties | 2 |
| Price / SF | $159.54 / SF | Individually For Sale | 0 |
| Cap Rate | 7.57% | Total Building Size | 36,982 SF |
| Sale Type | Investment | Total Land Area | 3.01 AC |
| Status | Active |
| Price | $5,900,000 |
| Price / SF | $159.54 / SF |
| Cap Rate | 7.57% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,982 SF |
| Total Land Area | 3.01 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1211-1217 NW Sheridan Rd, Lawton, OK 73505 | Retail | 23,962 SF | 2000 | - |
|
Aaron's
1201-1205 NW Sheridan Rd, Lawton, OK 73505 |
Retail | 13,020 SF | 1999 | - |
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1201-1217 NW Sheridan Rd Properties
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