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Drug Store

National Drugstore Portfolio | Walgreens | Elk City, OK

115 W 3rd St, Elk City, OK 73644

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Absolute Net
Rent Per Square Feet
$21.72

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Elk City is in Beckham County, Oklahoma, about 112 miles west of Oklahoma City. According to the United States Census Bureau, the estimated population within 5 miles was 13,110 in 2021. Highway connectivity is provided by Interstate 40 and Oklahoma State Highway 66. The historic Route 66, a major east-west thoroughfare across the United States, once traversed the city and is responsible for many of the historical landmarks that honor Elk City’s western heritage. While the economy originally focused on farming in the city’s early years, the city now has a strong concentration in jobs related to the oil and natural gas industry. The city is also home to the Elk City Regional Business Airport. Elk City is served by the Great Plain Regional Medical Center, which is about 1 mile from Walgreens.

Investment Highlights

  • Just 1.2 miles from Great Plains Regional Medical Center
  • Proximity to urgent care, family medical clinic, and a dialysis center
  • Great Plains Regional Medical Center is about 1 mile away from Walgreens

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Drug Store

National Drugstore Portfolio | Walgreens | Elk City, OK

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
14,550
Lease Type
Absolute Net
Rent Per Square Feet
$21.72

Investment Highlights

  • Just 1.2 miles from Great Plains Regional Medical Center
  • Proximity to urgent care, family medical clinic, and a dialysis center
  • Great Plains Regional Medical Center is about 1 mile away from Walgreens

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Elk City is in Beckham County, Oklahoma, about 112 miles west of Oklahoma City. According to the United States Census Bureau, the estimated population within 5 miles was 13,110 in 2021. Highway connectivity is provided by Interstate 40 and Oklahoma State Highway 66. The historic Route 66, a major east-west thoroughfare across the United States, once traversed the city and is responsible for many of the historical landmarks that honor Elk City’s western heritage. While the economy originally focused on farming in the city’s early years, the city now has a strong concentration in jobs related to the oil and natural gas industry. The city is also home to the Elk City Regional Business Airport. Elk City is served by the Great Plain Regional Medical Center, which is about 1 mile from Walgreens.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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