✖
Walgreens
8102 South Yale Avenue, Tulsa, OK 74137
$4,075,000
Cap Rate 8.00%
Summary
| Price $4,075,000 | Built/Renov 2002 | Tenant Walgreens |
| Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,490
| Lease Start
06-01-2022
| #Units
8,896
|
| Price/SF $281.23 | Expiration
05-31-2027
| Tenant Type Pharmacy |
| NOI $326,000 | R. Term 3.5 | Ownership Fee Simple |
| Rent/SF
$22.50
| Increases 0.0%/4/yrs | Pop 5Mi 201,131 |
| Lot/AC 1.54 | Options 10/5yrs | AHHI 5Mi $102,231 |
| | |
Lease Highlights
- Walgreens has 3+ years remaining on the current lease term with 10 (5-year) options
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
- Investment grade tenant (S&P: BBB)
Location Description
Walgreens is conveniently located at the signalized, hard corner intersection of S. Yale Avenue and E. 81st St., which see a combined 42,100+ vehicles passing by daily. The site is positioned in a dense retail corridor, with neighboring retailers including Dollar Tree, CVS, McDonald’s, Whole Foods, and many others, creating a strong consumer drive to the trade area. The property is just two...
...Features
-
Signalized intersection
-
Hard corner intersection
-
Near major nationals
-
Strategically located
-
Top 100 MSA
-
Strong demographics
-
Absolute NNN
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Walgreens
- Guarantor:Corp T and Rated
- Company:Walgreens Boots Alliance
- # Units:8,896
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NASDAQ: WBA
About Tenant
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,570 | 94,977 | 214,501 |
| 2023 Total Population : | 11,509 | 93,816 | 210,680 |
| 2023 Employed Civilian Pop : | 6,506 | 49,434 | 109,438 |
| 2023 Total Businesses : | 724 | 5,045 | 12,224 |
| 2023 Average Household Income : | $ 118,005 | $ 103,697 | $ 102,770 |
| 2023 Total Consumer Spending : | $ 516 M | $ 3631 M | $ 7977 M |
| 2023 Median Age : | 44 | 41 | 40 |
| 2023 Total Households : | 5,105 | 40,710 | 90,185 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,094 | 21,538 | 44,339 |
| 2023 Average Home Value : | $ 332,325 | $ 310,992 | $ 314,376 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E 81st St | S Yale Ave | 2017 | 18,300 | 0.06 mi |
| E 81st St | S Yale Ave | 2017 | 20,300 | 0.08 mi |
| S Yale Ave | E 81st St | 2017 | 29,000 | 0.10 mi |
| S Yale Ave | E 81st St | 2017 | 31,300 | 0.11 mi |
| E 81st St | E 24th Pl | 2011 | 15,800 | 0.35 mi |
| S Yale Ave | E 77th St | 2011 | 26,200 | 0.36 mi |
| E 81st St | Utica Sq | 2015 | 15,300 | 0.38 mi |
| East 81st Street | 2019 | 17,100 | 0.48 mi | |
| South Yale Avenue | E 87th St | 2019 | 18,900 | 0.51 mi |
| South Yale Avenue | S Yale Pl | 2019 | 20,600 | 0.51 mi |
