Walgreens | 9950 SE 15th St
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Walgreens 9950 SE 15th St
14,650 SF Retail Building Oklahoma City, OK 73130 $5,869,918 CAD ($400.68 CAD/SF) 7.50% Cap Rate
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.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
14,650 SF
Building Class
B
Year Built
2004
Price
$5,869,918 CAD
Price Per SF
$400.68 CAD
Cap Rate
7.50%
NOI
$440,298 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.42 AC
Parking
64 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
179’ on 15th St
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 153822005 | Improvements Assessment | $224,629 CAD |
| Land Assessment | $125,197 CAD | Total Assessment | $349,825 CAD |
PROPERTY TAXES
Parcel Number
153822005
Land Assessment
$125,197 CAD
Improvements Assessment
$224,629 CAD
Total Assessment
$349,825 CAD
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Walgreens | 9950 SE 15th St
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