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Drug Store

Walgreens | Outside Tulsa | Long Term NNN Lease | Strong Sales Location | 15 Yr Historical Occupancy

1905 S Muskogee Avenue, Tahlequah (Outside Tulsa), OK 74464

Listing Price: $5,061,538

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.7
Gross SF
14,406
Guarantor
Corporate Guarantee
Rentable SF
14,406
Price/Gross SF
$351.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.84

Investment Overview

Tahlequah is a city nestled at the foothills of the Ozark Mountains in the Cherokee County in the northeastern portion of the US State of Oklahoma. Tahlequah forms a part of the State’s Green Country region and serves as the capital of both the modern Cherokee Nation and the United Keetoowah Band of Cherokee Indians. As per local legends, the city’s name has been derived from the Cherokee words, ‘ta-li’ and ‘ye-li-quu,’ which means “two are enough.” Tahlequah is also home to the main campus of Northeastern State University. Tahlequah, Oklahoma, the capital of the Cherokee Nation, has been named one of the Top 100 Best Small Towns in America. Attractions include the recreated ancient Cherokee village of Diligwa located at the Cherokee Heritage Center, Illinois River considered by many to be the state’s best canoe waterway, Lake Tenkiller, Tahlequah Original Historic Townsite District where street signs are written in English and Cherokee, and Cherokee Casino Tahlequah. Come time to chow down, enjoy sweet crepes and coee at Drip, dive into Sam & Ella’s Chicken Palace pizza, or take in scenic views from the Branch’s outdoor patio.

Investment Highlights

  • Long Term NNN Lease. 15 Year Historical Occupancy Demonstrating Strong Commitment to the Location. Established Store w/ Strong Sales. This Location Serves Beer & Wine, and Features a Dr-Thru Pharmacy.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles. Direct Access to/from U.S. Hwy 62 (16k+ VPD).
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Across from a Lowe's Anchored Power Center and Near Numerous other National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight Tools, Reasor's and more.
  • Strong Performing Location per Placer.ai: Top 22% in the Chain. Top Visited Walgreens in a 30-Mile Radius. Minutes from Northeastern State University, Cherokee Casino & Hotel, National History Museum, W.W. Hastings Hospital, and More.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Drug Store

Walgreens | Outside Tulsa | Long Term NNN Lease | Strong Sales Location | 15 Yr Historical Occupancy

Listing Price: $5,061,538

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
9.7
Gross SF
14,406
Guarantor
Corporate Guarantee
Rentable SF
14,406
Price/Gross SF
$351.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.84

Investment Highlights

  • Long Term NNN Lease. 15 Year Historical Occupancy Demonstrating Strong Commitment to the Location. Established Store w/ Strong Sales. This Location Serves Beer & Wine, and Features a Dr-Thru Pharmacy.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 21k Vehicles. Direct Access to/from U.S. Hwy 62 (16k+ VPD).
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Across from a Lowe's Anchored Power Center and Near Numerous other National Retailers Including Walmart Supercenter, Tractor Supply, Harbor Freight Tools, Reasor's and more.
  • Strong Performing Location per Placer.ai: Top 22% in the Chain. Top Visited Walgreens in a 30-Mile Radius. Minutes from Northeastern State University, Cherokee Casino & Hotel, National History Museum, W.W. Hastings Hospital, and More.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Tahlequah is a city nestled at the foothills of the Ozark Mountains in the Cherokee County in the northeastern portion of the US State of Oklahoma. Tahlequah forms a part of the State’s Green Country region and serves as the capital of both the modern Cherokee Nation and the United Keetoowah Band of Cherokee Indians. As per local legends, the city’s name has been derived from the Cherokee words, ‘ta-li’ and ‘ye-li-quu,’ which means “two are enough.” Tahlequah is also home to the main campus of Northeastern State University. Tahlequah, Oklahoma, the capital of the Cherokee Nation, has been named one of the Top 100 Best Small Towns in America. Attractions include the recreated ancient Cherokee village of Diligwa located at the Cherokee Heritage Center, Illinois River considered by many to be the state’s best canoe waterway, Lake Tenkiller, Tahlequah Original Historic Townsite District where street signs are written in English and Cherokee, and Cherokee Casino Tahlequah. Come time to chow down, enjoy sweet crepes and coee at Drip, dive into Sam & Ella’s Chicken Palace pizza, or take in scenic views from the Branch’s outdoor patio.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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