701 W Houston St
Broken Arrow, OK 74012

Marcus & Millichap is pleased to present for sale this Net Leased Walgreens located at 701 W Houston Street in Broken Arrow, Oklahoma, just a quick 20-minute drive from Downtown Tulsa. The subject property consists of a 12,934 SF free-standing building with a drive-thru and is situated on a large 1.14-acre parcel of land.
Strategically located on the hard signalized intersection of W Houston Street and S Elm Place the property benefits from great visibility to more than 25,300 vehicles per day. The Walgreens sits as an outparcel to the “Central Park” Shopping Center which is home to numerous service-oriented retailers such as restaurants, hair and nail salons, a fitness center, and several others. The property also benefits from a very low rent thus creating favorable and sustainable unit level economics for the site.
The city of Broken Arrow is the largest suburb of Tulsa with a population of 113,540 residents and the 4th most populous city in the state. Its economy is very diverse and has the third-largest concentration of manufacturers in the state. Notable employers in Broken Arrow include FlightSafety International, FedEx Ground, Blue Bell Creameries and Windstream Communications. The area is also encompassed by several colleges and universities including Tulsa Community College with 14,428 enrolled students, Tulsa Tech with 1,000 enrolled students, and Northeastern State University with 3,500 enrolled students. The immediate trade area is also home to O’Reilly Auto Parts, AutoZone, Big Lots, Walmart Neighborhood Market, Aldi, and numerous other National and Regional Tenants.
Walgreen’s initial term runs through October 31, 2028, however, given their commitment to the site have agreed to an early extension which will be executed upon close of escrow.
Walgreens (www.walgreens.com) is included in the U.S. Retail Pharmacy and U.S. Healthcare segments of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader with a 170-year heritage of caring for communities. WBA’s purpose is to create more joyful lives through better health. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services, including those that drive equitable access to care for the nation’s underserved populations. To best meet the needs of customers and patients, Walgreens offers a true omnichannel experience, with fully integrated physical and digital platforms supported by the latest technology to deliver high-quality products and services in communities nationwide.