116 N Green Ave - Drug Store FOR SALE


Purcell, OK 73080
$3,430,000 USD
619-297-0055
116 N Green Ave, Purcell, OK for Sale
$3,430,000 USD
Drug Store - FOR SALE
1/3
null | 10% Cap Rate

116 N Green Ave
Purcell, OK 73080


HIGHLIGHTS

  • This is the only Walgreens or CVS for over 13 Miles.
  • Purcell Municipal Hospital, a brand new $18 million state-of-the-art facility opened in 2022.
  • Positioned on the signalized hard corner of West Washington Street and Green Ave which is the main thoroughfare running through Purcell.
  • The Property is located just east of I-35, which serves as the main connector between Oklahoma City to Fort Worth/ Dallas.
  • The 5-mile population has grown over 10% over the past four years and is projected to continue expanding at over 3% through 2029.
  • Chickasaw Nation Purcell Health Clinic employs approximately 100 employees and serves more than 10,000 patients every year.

OVERVIEW

We are pleased to market for sale a Walgreens property in the Greater Oklahoma City metropolitan area located at 116 North Green Avenue in Purcell, Oklahoma. Walgreens has been successfully operating at this location for 15+ years on an absolute NNN lease with no landlord responsibilities whatsoever. This investment opportunity allows an investor to purchase a long term corporate guaranteed lease at a well established Main and Main location. The property benefits from limited drugstore competition as the only Walgreens or CVS for over 13+ miles. Located just over two miles to the north along North Green Avenue is the brand-new state of the art Purcell Municipal Hospital which was completed in 2022 and draws in patients from a large swath of surrounding communities. Purcell is located about 15 miles south of Norman along Interstate-35 which serves as the main connector between Oklahoma City and Forth Worth/Dallas to the South. Walgreens is positioned on North Green Avenue, which is the primary thoroughfare in the city of Purcell and is surrounded by numerous other national retailers. Purcell has seen steady population growth over the last few years, with the 5-mile population expanding by over 10% since 2020 and expected to grow more than 3% annually through 2029.

FOR SALE DETAILS

PRICE

$3,430,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Yr Walgreens NNN | Only Drugstore in 13 Mi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

PURC00109001000000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.