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Drug Store

Walgreens | Tulsa, OK

8102 S Yale Ave, Tulsa, OK 74137

Listing Price: $4,075,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.50

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Tulsa, Oklahoma.

Investment Highlights

  • Approximately Three and a Half Years Remaining On an Absolute Net Lease | No Landlord Responsibilities
  • Lease is Corporately Guaranteed by Walgreens
  • Hard Corner Location | Signalized Intersection with Dedicated Turn Lanes | Dense Retail Corridor
  • Over 26,300 Vehicles per Day Along S Yale Avenue | Over 15,800 Vehicles per Day Along E 81st Street Intersection | 11 Miles from Downtown Tulsa
  • Major $37 Million Road Project on S Yale Avenue Directly Next to Property: Widening Road from Two to Six Lanes with Full Landscaping, Drainage, Curbs and Sidewalks | Construction is Projected to Finish in April 2023
  • Two Miles from St. Francis Hospital, a Major 1,110 Plus Bed Hospital and Level II Trauma Center
  • Two and a Half Miles from Oral Roberts University Campus with 5,200 Students and Staff, NCAA Division I Athletics
  • Strong Demographics: Over 201,100 Residents Within Five-Miles, Projected to Increase by 2027 | Daytime Population Exceeds 239,600 | Average Household Income of Over $127,200 Within One-Mile

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Drug Store

Walgreens | Tulsa, OK

Listing Price: $4,075,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.50

Investment Highlights

  • Approximately Three and a Half Years Remaining On an Absolute Net Lease | No Landlord Responsibilities
  • Lease is Corporately Guaranteed by Walgreens
  • Hard Corner Location | Signalized Intersection with Dedicated Turn Lanes | Dense Retail Corridor
  • Over 26,300 Vehicles per Day Along S Yale Avenue | Over 15,800 Vehicles per Day Along E 81st Street Intersection | 11 Miles from Downtown Tulsa
  • Major $37 Million Road Project on S Yale Avenue Directly Next to Property: Widening Road from Two to Six Lanes with Full Landscaping, Drainage, Curbs and Sidewalks | Construction is Projected to Finish in April 2023
  • Two Miles from St. Francis Hospital, a Major 1,110 Plus Bed Hospital and Level II Trauma Center
  • Two and a Half Miles from Oral Roberts University Campus with 5,200 Students and Staff, NCAA Division I Athletics
  • Strong Demographics: Over 201,100 Residents Within Five-Miles, Projected to Increase by 2027 | Daytime Population Exceeds 239,600 | Average Household Income of Over $127,200 Within One-Mile

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Tulsa, Oklahoma.

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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