Lawton Town Center

449 Northwest 2nd Street, Lawton, OK, 73507, US

Asset Description

Jones Lang LaSalle ("JLL") is pleased to exclusively offer the opportunity to acquire Lawton Town Center (the “Property”), a 207,477 square foot, dominant retail center currently 98% leased. This irreplaceable infill asset is strategically positioned at the intersection of NW 2nd Street and W. Gore Boulevard, a major commercial corridor in Lawton, Oklahoma, offering direct connectivity between Interstate 44 and downtown Lawton. Situated in close proximity to key civic, medical, and military institutions—Lawton Town Center serves a broad regional trade area anchored by the presence of Fort Sill, one of the largest military installations in the country, and prominent retailers

such as Kohl’s, Dick’s Sporting Goods, Ulta, Petco, and more!

The Property presents investors with a compelling opportunity to acquire an asset significantly below replacement costs, offering stable in-place cash flow and national/credit tenancy. With below market in-place rents, Lawton Town Center offers

immediate upside in a stable and growing market.

...

Attributes

Building area net

19,275 m²

Occupancy

98%

Year built

2014

WALT

6.5 years

Media

Investment Highlights

Strong National / Credit Tenancy
95% of rent roll from national/credit retailers
Durable Cash Flow
6.5 year weighted average lease term
Strong leasing momentum: 65% of rent roll has signed new leases/renewals over the past 3 years
98% Leased
Assuming lease is executed to backfill Suite 449 - former JoAnn's space
Fort Sill's Premier Retail Hub
#1 neighborhood center in a 50-mile radius
Highly Accessible
Strategically located with direct access to I-44 - the Main N/S thoroughfare connecting St. Louis and Wichita Falls