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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

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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.

ATTACHMENTS

Marketing Flyer

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
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, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Shoppers Inc
Bank of America
Walmart Neighborhood Market
Bank of Oklahoma
Mcalister's Deli
Mazzio's
Open Door Church Of Christ

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
78725-84-15-65674
Land Assessment
$38,308
Improvements Assessment
$228,351
Total Assessment
$266,659
  • Listing ID: 37648814

  • Date on Market: 9/12/2025

  • Last Updated:

  • Address: 701 W Houston St, Broken Arrow, OK 74012

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