701 W Houston St, Broken Arrow, OK 74012

Walgreens-occupied freestanding 12,934 SF retail building with drive-thru on a 1.13-acre hard-corner lot in Broken Arrow. The property offers strong visibility, ample parking, excellent access within a high-traffic corridor, and a well-established commercial corridor.

The current lease termination date is October 31st, 2028. The lease allows for four more five year options. Below market rent allows for potentially significantly higher N.O.I. in the future if Walgreens chooses to vacate. Current landlord replaced the roof in 2015 and will spend (or credit) up to $50,000 on parking lot improvements upon successful closing of the transaction.

Located on the corner of W Houston Street and S Elm Place, just 1.8 miles from the Broken Arrow Expressway, providing convenient regional connectivity and visibility to ±25,300 vehicles per day. B.A is one of the fastest-growing and the fourth-largest city in Oklahoma with a population of over 120,000 people. A strong manufacturing base with a growing aerospace industry has helped foster the city's growth. Combined with an award-winning public school system and an abundance of new housing makes B.A. one of the most desirable places to raise a family in Oklahoma.