Panera Bread Lawton,Oklahoma

$4,572,760
Under Contract
Property type:Single-Tenant Net Lease

The space

  • Price: $4,572,760
  • Cap Rate: 5.00%
  • Annual Rent: $228,638
  • Tenant / Guarantor: Corporate; Panera LLC
  • Lease Term: 15 Years
  • Lease Commencement: Upon Store Opening
  • Lease Expiration: 15 Years From Store Opening
  • Lease Type: Modified NNN
  • Rental Increases: 8% Every 5 Years
  • Options to Renew: 3, 5-Year Options

Description

807 NW Sheridan Road
Lawton, OK 73507

Investment Highlights

  • Brand New Construction; Opening April 2021
  • Long-Term, 15-Year Modified Triple Net Lease Commencing Upon Store Opening
  • Eight Percent Rental Increases Every Five Years
  • Three, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
  • Corporate Tenant | Corporate Guarantee
  • Dense Retail Corridor | Walmart Supercenter, Lowe’s, The Home Depot, Sam’s Club, Harbor Freight Tools, Aldi, Walgreens, CVS Pharmacy, Staples, Chick-fil-A, McDonald’s, Burger King, Wendy’s, Among Various Others
  • Several Hospitality Accommodations Within Immediate Proximity | Hampton Inn & Suites, Candlewood Suites, La Quinta Inn & Suites, Baymont by Wyndham, and Many More
  • Less than Six Miles from Fort Sill | 20,000 Military and Civilian Personnel, and 33,000 Military Family Members
  • Immediate Access to Healthcare | Comanche County Memorial Hospital | Less than 1.5 Miles from the Subject Property | 283-Beds | ~2,000 Employees | 250 Physicians
  • Cameron University | Situated Within a 1.5 Miles Radius | More Than 6,400 Students Enrolled

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new build-to-suit Panera Bread located at 807 NW Sheridan Road in Lawton, OK. This site will consist of approximately 4,355 rentable square feet of building space on estimated 1.28-acre parcel of land. The café is scheduled to open in April 2021.

The initial annual rent will be $228,638 and will increase by eight percent every five years throughout the term of the lease and in each option period. There will be three, five-year tenant renewal options, extending the total possible lease term to 30 years.


Mark McCoy

Broker of Records

Lic #181981

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

For More Information, Download OM:

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card

[contact-form-7 404 "Not Found"]