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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
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 began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
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
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Walgreens | 81st & Elm BA | 701 W Houston St
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