923 Sheridan Rd Lawton, OK 73505-5250
Property profile & analytics
923 Sheridan Rd Lawton, OK 73505-5250
- Drive through restaurants
- 544 SF
Property ID
US69-1179514
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 7 Brew Coffee / Cafe & Coffee Shop
Property Details for 923 Sheridan Rd
- Property size
- 544 SF
- Property type
- Drive through restaurants
- APN
- 99318
- APU
- 99318
Description
This exceptional investment opportunity presents a 510-square-foot, drive-thru-only 7 Brew coffee shop located at 923 NW Sheridan Rd, Lawton, OK 73505. The property sits on a 0.88-acre lot and boasts a 15-year absolute NNN ground lease with a 6.25% cap rate and a $93,000 annual net operating income (NOI). The lease includes five 5-year renewal options, each with a 10% rent increase. Built in 2022, this 100% occupied property benefits from its prime location in Lawton's main retail corridor, directly across from a top-performing Walmart Supercenter and Sam's Club, and near other national retailers including Aldi, Chick-fil-A, Whataburger, and Raising Cane's. The property's high visibility and accessibility on NW Sheridan Road, a thoroughfare with over 28,000 vehicles passing daily, ensure consistent customer traffic. Lawton's robust economy is significantly driven by the nearby Fort Sill military base, a major employer supporting over 100,000 people and generating nearly $2 billion annually. The 7 Brew franchisee operating this location is a significant player in the rapidly expanding 7 Brew chain, with 21 units and growing. This investment offers a compelling combination of strong tenant, prime location, and favorable lease terms, making it an attractive addition to any portfolio. The asking price is $1,488,000, representing a price per square foot of $2,917.65.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.422
- Latitude
- 34.6184
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,809
$109,203
$0.00
$109,203
-
$970,689
$0.00
$970,689
