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$ 4,500,000
Est. payment | /mo
14,412 SqFt
$ 4,500,000
Est. payment | /mo
14,412 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 14,412 sqft
Price per Sqft $312
MLS Listing ID CL26649277
HOA Y/N No
Lot Size 1.278 Acres
Acres 1.28
Property Sub-Type Comm Ind For Sale
Property Description
This offering presents a rare opportunity to acquire a truly passive, institutional-quality retail investment backed by one of America's most recognized pharmacy brands. The property is leased to Walgreens Co., an Illinois corporation, under an absolute triple-net (NNN) lease structure that transfers 100% of operating responsibility to the tenant. Under this arrangement, Walgreens assumes full responsibility for all property expenses including real estate taxes, property and liability insurance, utilities, routine maintenance and repairs, capital expenditures, roof and structural maintenance, and environmental compliance. The landlord bears zero operating responsibility, no management burden, no maintenance obligations, no capital calls, and no tenant coordination beyond lease administration. This represents the highest level of passive ownership available in commercial real estate, delivering predictable net cash flow of $360,000 annually ($30,000 monthly) with virtually no deductions or operating expenses from the gross rent collected. The current rent equates to approximately $24.98 per square foot with 10 years and four months remaining on the lease and an additional nine 5-year options through 2081. The lease provides institutional-grade credit quality through a direct agree
Location
State OK
County Other
Interior
Fireplace No
Exterior
Total Parking Spaces 82
Building
New Construction No
Others
Tax ID UNAVAILABLE
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Listed by Oron Maher • Maher Commercial Realty
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Patrick Nagel
REALTOR® | Lic# 1760790