Walgreens | Absolute NNN Lease
8.25% Cap | No CVS or Walgreens Competition
Marketing description
Strategically positioned on a large 1.19-acre parcel at a major four-way signalized intersection, this Walgreens benefits from exceptional visibility and accessibility in one of Weatherford’s primary retail corridors. The property enjoys direct visibility from Interstate 40, a key transportation artery traversing western Oklahoma, and is surrounded by a strong lineup of national retailers including McDonald’s, O’Reilly Auto Parts, Starbucks, Burger King, Walmart Supercenter, and Tractor Supply. Additionally, the site is located approximately one mile from Southwestern Oklahoma State University, which enrolls more than 5,100 students and provides a steady source of consumer traffic to the surrounding area.
The asset is secured by an absolute NNN corporate lease with Walgreens, offering investors a passive ownership structure backed by one of the nation’s leading pharmacy operators. Further enhancing the investment profile is a scheduled 5% rent increase in 2029, providing built-in income growth during the lease term. Walgreens also benefits from a highly favorable competitive position, as there are no other Walgreens or CVS locations within Weatherford, reinforcing the store’s role as a dominant pharmacy destination for the local community and surrounding trade area.
Investment highlights
- Absolute NNN Lease
- No other CVS or Walgreens in Weatherford
- Large 1.19 Acre Lot
- 5% Rent Increase in 2029
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