9950 SE 15th St - Drug Store FOR SALE


Oklahoma City, OK 73130
$4,088,000 USD
760-448-2449
9950 SE 15th St, Oklahoma City, OK for Sale
$4,088,000 USD
Drug Store - FOR SALE
1/7
null | 7.5% Cap Rate

9950 SE 15th St
Oklahoma City, OK 73130


HIGHLIGHTS

  • Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
  • Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease
  • Top 22% Ranked Walgreens Nationally and within Oklahoma (Source: Placer.ai)
  • Critical Business Driver – Proximity to Tinker U.S. Air Force Base – 9,000 Military & Civilian Personal

OVERVIEW

The fee simple interest of a Walgreens investment property located in Midwest City, Oklahoma (Oklahoma City) (the “Property”). Built in 2004, the Property consists of a 14,650-square-foot retail building with a drive-thru that sits on an approximately 1.42-acre parcel. Walgreens shows commitment to this site with a newly inked lease extension that just commenced. The Subject Property is ranked in the Top 22% of Walgreens Nationally per Placer.ai. This location has strong reported sales and a healthy 10% rent to sales ratio. Absolute-NNN lease structure and no landlord responsibilities.

FOR SALE DETAILS

PRICE

$4,088,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,729 SF

ZONING

-

APN/PARCEL ID

153822005

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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