Walgreens - Lawton, OK_Property for Sale
Walgreens - Lawton, OK_Property for Sale

Walgreens - Lawton, OK

701 NW Sheridan Rd, Lawton, OK, 73505, US

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

...

Attributes

Asking price
₩4,228,097,000
Cap rate
8%
NOI
₩338,305,000
WALT
7.8 years
Building area net
1,405 m²

Media

Investment Highlights

  1. National tenancy with over 12,500 stores nationwide
  2. NN lease structure with limited LL responsibilities
  3. Adjacent to national retailers Sam's Club and Walmart Supercenter
  4. 7.8 years of primary lease term remaining
  5. Strong retail corridor drawing in 4.7M+ visitors annually
  6. 27+ years of operational history at the site
  7. Prime visibility to 35,000+ vehicles per day
Walgreens - Lawton, OK 4_Property for Sale
Walgreens - Lawton, OK 4_Property for Sale

Contact brokers

Walgreens - Lawton, OK (0 Properties)

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Last updated
29 Jan 2026