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34082057
34082575

9011 S Pennsylvania Avenue, Oklahoma City, OK 73159

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate
$2,666,666
1 day on market
Updated 1 day ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,386
Cap Rate 8.25%
NOI $220,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN+
Lease Expiration 11/30/2030
Remaining Term 4.4
Lease Options 5 x 5 Years
Year Built 1995
Acreage 1.720
Investment Type Net Lease
Lease Commencement 11/18/1995
Ground Lease No
Ownership Fee Simple

Tope 400 Store in USA - Ultra Low Rent Walgreens

Marketing description

The Walgreens at 9011 S Pennsylvania Avenue occupies a highly desirable infill location within one of Oklahoma City's most established residential and retail corridors. Positioned along a major north-south arterial, the property benefits from strong daily traffic volumes, dense surrounding population, excellent visibility, and direct access to the region's primary transportation network. The store serves a large and mature trade area supported by stable residential neighborhoods, healthcare facilities, schools, and neighborhood-serving retail. Its proximity to Interstate 240, Interstate 44, downtown Oklahoma City, Tinker Air Force Base, and the Norman/University of Oklahoma corridor further strengthens its long-term relevance as a necessity-based retail asset.

OKC's major arterial traffic patterns along the South Pennsylvania corridor, the strong retail concentration surrounding the intersection and its high traffic volumes further bolster the sites core location at one of the primary commercial nodes serving southwest Oklahoma City and make it a perfect location for Walgreens. OKC is one of the fastest-growing metropolitan areas in the central United States, with a diverse economy driven by aerospace, defense, healthcare, energy, logistics, and government. OKC has seen significant public and private investment throughout the metro area in recent years.

By any metric, this is an ultra successful store - featuring a low rent, high reported sales volumes, ideal rent to sales ratio, top 400 foot traffic ranking, rents below market and a long history of Walgreens exercising its options - this store appears well positioned for continued success.

Investment highlights

  • One of the Best Walgreens in the Country - Per Placer
  • Dense Infill Location
  • Major Commuter Corridor
  • Established South OKC Retail Corridor
  • Strategic Location
  • Ideal Rent to Sales Ratio
  • Preferred Five Year Option Structure
  • Long History of Option Renewals
  • High Barriers to Entry
  • Below Market Rents
  • Walgreens Has Been Operating at This Location fo 30+ Years
  • Already Exercised Three Options at the In Place Rent
  • Foot Traffic at This Location Ranks Amongst the Best in the Country
  • One of Walgreens Best Five Stores in Oklahoma
  • Top 400 Location in the Entire Country
  • #1 Store in the Trade Area, Out of Thirteen

Listing Contacts

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$220,000.00
$18,333.33/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Brian Brockman
License
177814
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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