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29466893
29466894

701 NW Sheridan Rd, Lawton, OK 73505

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas
$2,957,000
126 days on market
Updated 83 days ago

Walgreens Pharmacy - Lawton, OK

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Net Rentable (SqFt) 15,120
Cap Rate 8%
NOI $236,600
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 18.5
Lease Expiration 12/31/2031
Remaining Term 8
Rent Bumps No
Lease Options 4 x 5-Year Options
Price per SqFt $196
Year Built 1998
Acreage 1.730
Investment Type Net Lease
Lease Commencement 06/14/2013
Ground Lease No

±7.8 Years Remaining | 27+ year operational history at the site | Strong Retail Corridor

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Walgreens Pharmacy located at 701 NW Sheridan Rd, Lawton, OK 73505 (the “Property” or “Asset”). The Tenant operates under a NN lease with approximately 7.8 years of primary term remaining, as well as four, five-year renewal options with limited management responsibility.

Walgreens Boots Alliance, Inc. is a leading pharmacy-led health and wellbeing company headquartered in the United States. Walgreens operates an extensive network serving millions of customers through retail pharmacy locations, healthcare services, and international operations spanning multiple continents. With approximately $154.6 billion in TTM September 2025 revenue, over 315,000 employees, and more than 12,500 stores, Walgreens maintains a prominent position in the pharmacy retail and healthcare services sectors. The company continues to expand its healthcare offerings and omnichannel capabilities, positioning itself as one of the most accessible pharmacy chains and healthcare service providers in North America and Europe.

Walgreens sits on a large 1.7-acre site with an annual rent of $236,600 and is strategically positioned within the heart of Lawton, OK, at the hard corner, signalized intersection of NW Ferris Ave (10,500 VPD) and NW Sheridan Rd (27,800 VPD) which provides connectivity to NW Cache Rd, which accommodates over 37,000+ vehicles per day.

The site is located within a well-established retail corridor and is ideally located across the street from Sam’s Club and Walmart Supercenter. These national retailers are a major regional shopping attraction drawing an impressive 4.7M annual visitors (per placer.ai). This is the only Sam’s Club location within a 70-mile radius and Walgreens benefits from the cross-shopping opportunities with this regional consumer base. The immediate vicinity is home to over 82,000 residents within a 5-mile radius. Furthermore, the submarket has seen an uptick in new local developments including Firehawk Aerospace’s new $65+ million state-of-the-art manufacturing facility.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.

Broker of Record

Barry Brown

OK License #:140058

Investment highlights

  • National tenancy with over 12,500 stores nationwide

  • NN lease structure with limited landlord responsibilities

  • Adjacent to national retailers Sam's Club and Walmart Supercenter

  • 7.8 years of primary lease term remaining

  • Strong retail corridor drawing in 4.7M+ visitors annually

  • 27+ years of operational history at the site

  • Prime visibility to 35,000+ vehicles per day

Listing Contacts

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$236,600.00
$19,716.67/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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