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33627683
33627678

1019 E Main Street, Weatherford, OK 73096

BS
CA CA 01239109
Marcus & Millichap - San Francisco
RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$4,290,000
5 days on market
Updated 4 days ago

Walgreens | Absolute NNN Lease

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 8.25%
NOI $353,850
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 11/08/2034
Remaining Term 8.4
Rent Bumps Yes
Lease Options Twelve, 5-Year
Acreage 1.190
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple

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

Listing Contacts

BS
CA CA 01239109
Marcus & Millichap - San Francisco
RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$353,850.00
$29,487.50/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial District
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Tim Speck
License
149994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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