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Walgreens 9950 SE 15th St

14,650 SF Retail Building Oklahoma City, OK 73130 $4,380,000 ($299/SF) 7% Cap Rate

Drug Stores Oklahoma Oklahoma City 9950 SE 15th St, Oklahoma City, OK 73130

Investment Highlights

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

Executive Summary

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.

Attachments

Walgreens - Midwest City, OK

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,650 SF
Building Class
B
Year Built
2004
Price
$4,380,000
Price Per SF
$299
Cap Rate
7%
NOI
$306,638
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Land Acres
1.42 AC
Parking
64 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
179 FT on 15th St

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
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PROPERTY TAXES

Parcel Number 153822005 Improvements Assessment $158,380
Land Assessment $88,273 Total Assessment $246,653

PROPERTY TAXES

Parcel Number
153822005
Land Assessment
$88,273
Improvements Assessment
$158,380
Total Assessment
$246,653
(760) 448-2449

  • Listing ID: 32556361

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 9950 SE 15th St, Oklahoma City, OK 73130

More public record information on 9950 SE 15th St, Oklahoma City, OK 73130

The Retail Property at 9950 SE 15th St, Oklahoma City, OK 73130 is currently available For Sale. Contact Lee & Associates for more information.

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Walgreens | 9950 SE 15th St
(760) 448-2449 x

Walgreens | 9950 SE 15th St

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Ryan Bennett

(760) 448-2449

(760) 448-2449

Drew Olson

(760) 448-1372

(760) 448-1372

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