Published on: Friday, August 23, 2024
Updated on: Friday, August 23, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Walgreens – Midwest City OK.
9950 SE 15th St Midwest City Oklahoma , 73130
9950 SE 15th St Midwest City Oklahoma , 73130 NNN Investment Group
Listing ID: CL-Oklahoma-11536

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.25
Net Operating Income: $306,638
Commission Split (%): 0
Quick Glance
Listing ID: CL-Oklahoma-11536
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2004
Building Size: 14,650 SqFt
Lot Size: 61,855 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates and Bang Realty are pleased to present this Walgreens located in Midwest City, OK. With absolute triple net lease structure and no landlord responsibilities, this is a great asset for a qualified investor.
Complete Details
Year Build: 2004
Building Size: 14,650 SqFt.
No of Stories: 1
Total Lot Area: 61855 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
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.
Additional Properties
Property Highlights
  • Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
  • Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease
  • Top 22% Ranked Walgreens Nationally and within Oklahoma (Source: Placer.ai)
  • Critical Business Driver – Proximity to Tinker U.S. Air Force Base – 9,000 Military & Civilian Personal
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$306,638
$0
0%
Cash Flow for Current Listings
Listing Location
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