Investment Highlights

15-YEAR NNN LEASE TO STRONG CORPORATE TENANT
» 15-year NNN Lease with scheduled rental increases
» Panera Bread operates more than 2,300 locations in the U.S. and Canada (annual revenue exceeds $6 billion)
» Panera Bread has established new partnerships with DoorDash, Grubhub, and Uber Eats that expanded delivery choices across 1,600 of its locations
» Delivery, carryout, catering, and drive-thru sales now count for around 85 percent of the chain’s sales, up from 40 percent pre-pandemic

EXCELLENT LOCATION IN DENSE RETAIL CORRIDOR
» High-visibility location along Northwest Sheridan Road (27,873 vehicles per day)
» Next to ALDI Supermarket and Adjacent to a Walmart Supercenter and Sam’s Club
» Centrally located near several malls and shopping centers including Central Mall, a premier shopping destination in Southwest Oklahoma
» Lawton serves as the primary shopping, medical, recreation, and education center for Southwest Oklahoma

CLOSE PROXIMITY TO MAJOR UNIVERSITIES, HOSPITALS, AND EMPLOYERS
» Near Cameron University, the largest four-year, state-funded university in Southwest Oklahoma, with an enrollment of over 5,500 students
» Less than two miles from Comanche County Memorial Hospital (283 beds and 2,000 employees) and Southwestern Medical Center (199 beds and 300 employees)
» Minutes from Fort Sill, the largest employer in the region, with approximately 20,000 military and civilian personnel and an annual economic impact of $2 billion
» 85,689 residents with an average annual household income of $58,160 live within a five-mile radius (projected 10% average household income increase by 2026)

NEW 2021 CONSTRUCTION
» High-quality construction completed in 2021 featuring latest Panera Bread prototype and dedicated drive-thru
» New building, limiting near-term deferred maintenance or capital costs

Property Description

SOLD
This Panera Bread benefits from being well-positioned in a highly dense retail corridor. The property is conveniently located along Northwest Sheridan Road with excellent visibility and access to 27,873 vehicles per day. The subject property maintains beneficial proximity to Lawton’s thoroughfares with immediate access to Northwest Cache Road (37,638 AADT), U.S. Route 62/Rogers Lane (29,400 AADT), and Interstate 44 (24,800 AADT). The site is located near several malls and shopping centers, including Central Mall, a premier shopping destination in Southwest Oklahoma. The property is next to ALDI Supermarket and adjacent to a Walmart Supercenter and Sam’s Club, promoting crossover traffic to the site. Accommodations in the immediate area include Hampton Inn & Suites, Extended Stay, La Quinta Inn & Suites, Baymont by Wyndham, and many more helping build a steady customer base for Panera Bread.

The site is centrally located near Downtown Lawton and minutes from major universities, hospitals, and employers. Cameron University, the largest four-year, state-funded university in Southwest Oklahoma, is located approximately three miles from the site. The university has an enrollment of over 5,500 students and employs 600 staff members. Adjacent to Cameron University is Comanche County Memorial Hospital, a 283-bed hospital with approximately 2,000 employees. The property is minutes from Fort Sill, the largest employer in the region. Fort Sill employs approximately 20,000 military and civilian personnel and has an annual economic impact of $2 billion. 85,689 residents live within a five-mile radius of the property with an average household income of $58,160. The average household income is projected to increase 10% by 2026, poising Panera Bread and Lawton for significant concurrent growth.