Log In/Sign Up
Your email has been sent.
Walgreens | 81st & Elm BA 701 W Houston St 12,934 SF Retail Building Broken Arrow, OK 74012 $1,995,000 ($154.24/SF) 8.50% Cap Rate
Executive Summary
Walgreens-occupied freestanding 12,934 SF retail building with drive-thru on a 1.13-acre hard-corner lot in Broken Arrow. The property offers strong visibility, ample parking, excellent access within a high-traffic corridor, and a well-established commercial corridor. The current lease termination date is October 31st, 2028. The lease allows for four more five-year options. Below-market rent allows for potentially significantly higher NOI in the future if Walgreens chooses to vacate. The current landlord replaced the roof in 2015 and will spend (or credit) up to $50,000 on parking lot improvements upon the successful closing of the transaction.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
12,934 SF
Building Class
C
Year Built
1993
Price
$1,995,000
Price Per SF
$154.24
Cap Rate
8.50%
NOI
$169,575
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.14 AC
Zoning
CG - Commercial
Frontage
178’ on Elm Pl
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 78725-84-15-65674 | Improvements Assessment | $228,351 |
| Land Assessment | $38,308 | Total Assessment | $266,659 |
Property Taxes
Parcel Number
78725-84-15-65674
Land Assessment
$38,308
Improvements Assessment
$228,351
Total Assessment
$266,659
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 81st & Elm BA | 701 W Houston St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.