Restaurant chain buys property at Sheridan location
A 4-acre commercial parcel on Sheridan Road has been sold and the new owner plans to redevelop the area, beginning with a popular fast food chain.
According to records filed at the Comanche County Courthouse, Mammoth Lawton LLC managed by HBC Interests of Wichita Falls, Texas purchased the land at 807 N. Sheridan from Aubrey Investment Co., and the companies have agreed to a lease with Raising Cane's for space for the Lousiana-based restaurant chain.
The land was formerly Aubrey Chevrolet and later became Aubrey Automotive after General Motors terminated its dealership agreement in 2010.
Bo Clark, president of the new owner, said the purchased was in the works for three years and finally "it kind of came together."
The auto dealership will be demolished; preliminary work has already begun and should accelerate next week, Clark said.
The Raising Cane's will be on the Sheridan Road frontage, and additional development would could include retail or office space of even a hotel will take place on the east side of the land.
The site is across from the Wal-Mart and south of the Aldi supermarket.
"We're pretty happy to be up there," Clark said.
The first order of business is to develop the Raising Cane's property. "I would be happy if they were opened by the end of the year, December or January," he said. Establishing the restaurant should create demand from other businesses to be included in the development.
It's the first property here for HBC Interests. "I'm looking for more, though," Clark said, because he believes there are still some retailers not now in the market that want to be in the center of the city.