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Family Dollar 2302 NW Sheridan Rd 8,000 SF Retail Building Lawton, OK 73505 $540,000 ($67.50/SF) 13.93% Cap Rate

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EXECUTIVE SUMMARY

Cummins-Setters Commercial Partners is marketing for sale a single tenant modified NNN leased Family Dollar property located in Lawton, OK. The lease is a modified triple net, with the landlord responsible only for the building structure. Constructed for Family Dollar in 2002, the lease option expires on 12-31-2026, and Family Dollar has indicated they do not intend to renew. Family Dollar reports sales at this location, which have remained consistent throughout the tenancy (2024 sales information available upon request). The retail property spans 7,848 square feet and is located on a road with over 21,200 vehicles passing daily. It is near three major thoroughfares, each with traffic exceeding 29,000 vehicles per day, and less than one mile from the U.S. Army's Fort Sill training and deployment facility, which hosts over 20,000 active-duty personnel and trainees as the headquarters for Field Artillery and Air Defense Artillery. Nearby retailers include Walmart Supercenter, Sam's Club, Aldi, Goodwill, Whataburger, Raising Cane's, and others. Within a five-mile radius, the population exceeds 82,000, with an average household income of $71,195. Seller will consider short term financing with negotiated terms and agreed to down payment.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2001
Price
$540,000
Price Per SF
$67.50
Cap Rate
13.93%
NOI
$75,202
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.64 AC
Zoning
C-5

AMENITIES

  • Wheelchair Accessible
  • Air Conditioning

NEARBY MAJOR RETAILERS

Rib Crib
Buffalo Wild Wings
Golden Corral Buffet & Grill
McAlister's Deli
Five Guys
Buddy's Home Furnishings
Rent-a-center
7 Brew Coffee
City National Bank of OK
Navy Federal Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0026852
Land Assessment
$19,822
Improvements Assessment
$55,809
Total Assessment
$75,631
  • Listing ID: 34553379

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: 2302 NW Sheridan Rd, Lawton, OK 73505

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