Walgreens Pharmacy Investment
For Sale
Contact for pricing
701 NW Sheridan Rd, Lawton, OK 73505
NNN leased Walgreens in Lawton, OK with long-term cash flow.
Property Size15,120 SF
Lot Size1.70 Acres
Price / SF$195.57
Days on Market252
Property Features for 701 NW Sheridan Rd
General Information
Standard status
Active
Size
15,120 SF
Lot size
1.70 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$236,600
Building Details
Year Built
1998
Tenancy
Single
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Jan 29
Changed: Oct 3
Last Checked: Oct 7 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
The Walgreens Pharmacy, located at 701 NW Sheridan Rd, Lawton, OK 73505, is available for acquisition. The tenant operates under a NN lease with approximately 7.8 years of primary term remaining, along with four, five-year renewal options. Walgreens Boots Alliance, Inc., a pharmacy-led health and wellbeing company, backs the lease. 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. The property is situated on a 1.7-acre site with an annual rent of $236,600. It is strategically positioned at the hard corner, signalized intersection of NW Ferris Ave (10,500 VPD) and NW Sheridan Rd (27,800 VPD), providing 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, which draw an impressive 4.7M annual visitors. The surrounding area has over 82,000 residents within a 5-mile radius. The submarket has seen an uptick in new local developments including Firehawk Aerospace’s new $65+ million state-of-the-art manufacturing facility. The property size is 15,120 square feet.
Key Highlights
- NN Lease with Walgreens provides secure, long‑term cash flow thanks to its investment‑grade tenancy.
- High‑traffic location** at a hard corner, signalized intersection with 38,300+ combined vehicles per day.
- Located across from Sam's Club and Walmart Supercenter, drawing 4.7M annual visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,053
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,321,060
$4.3M
Cap Rate 7%
$3,086,471
$3.1M
Cap Rate 9%
$2,400,589
$2.4M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$321.1K $21.24/SF
− Vacancy
−$33.1K −$2.19/SF
EGI
$288.1K $19.05/SF
− OpEx
−$72.0K −$4.76/SF
NOI
$216.1K $14.29/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,321,060
Cap Rate 7%
$3,086,471
Cap Rate 9%
$2,400,589
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,053 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$2.88M
$2.52M – $3.36M
NOI $201,649 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$3.72M
$3.25M – $4.34M
NOI $260,272 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
612k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 31%
Shops & Services 18%
Apparel 7%
Walmart
Superstores
102,846 visits/mo
0.1 miles
Sam's Club
Superstores
83,964 visits/mo
0.1 miles
Chick-fil-A
Dining
46,726 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
40,133 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
33,557 visits/mo
0.1 miles
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mark G. Corrales, DPH — Lawton, OK 73501
- Kimera J. Carel, DPH — Lawton, OK 73505
- Great Plains Pharmacy — 3201 W Gore Blvd, Lawton, OK 73505
- Lawton Heritage Compounding Pharmacy — 12 NW Sheridan Rd, Lawton, OK 73505
- Kaylee Greenroyd — 12 NW Sheridan Rd, Lawton, OK 735056304
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased Walgreens in Lawton, OK with long-term cash flow.
Where is this drug store located?
The property is located at 701 NW Sheridan Rd Lawton, OK.
What is the asking price?
The asking price for this property is $2,957,000.
What are key features of this property?
This property features: NN Lease with Walgreens provides secure, long‑term cash flow thanks to its investment‑grade tenancy.; High‑traffic location** at a hard corner, signalized intersection with 38,300+ combined vehicles per day.; Located across from Sam's Club and Walmart Supercenter, drawing 4.7M annual visitors.
