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.
Walgreens | Tulsa, OK
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
Financing By
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
Financing By
