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Views: 82 DOM: 139 Updated: 11.08.24 Posted: 07.26.24 Status: Active

Summary

Price $4,380,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,650
Lease Start 01-01-2005
#Units 13,532
Price/SF $298.98
Expiration 01-31-2036
Tenant Type Pharmacy
NOI $306,638
R. Term 11.1
Ownership Fee Simple
Rent/SF $20.93
Increases 0.0%/0/yrs
Pop 5Mi 93,982
Lot/AC 1.42
Options 9/5yrs
AHHI 5Mi $88,624

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 11+ years remaining on the current lease term with 9 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard-corner intersection of SE 15th Street and S Post Road, with access to a combined daily traffic count of 15,000 vehicles. The property is situated just 5 miles from the Oklahoma City Air Logistics Complex and Tinker U.S. Air Force Base and 11 miles from downtown Oklahoma City. The immediate area features well-known national tenants...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,613 46,780 95,176
2024 Total Population : 9,355 45,781 93,754
2024 Employed Civilian Pop : 4,384 21,525 42,907
2024 Total Businesses : 258 1,455 3,033
2024 Average Household Income : $ 98,133 $ 82,987 $ 80,612
2024 Total Consumer Spending : $ 322 M $ 1358 M $ 2703 M
2024 Median Age : 40 38 38
2024 Total Households : 3,743 18,516 37,861
2024 Pop Age 25+: Bachelor's Degree : 1,347 6,267 12,266
2024 Average Home Value : $ 279,436 $ 259,174 $ 250,956
*ESRI data is presented for informational purposes only

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