Walgreens | Strong Reported Sales | Absolute NNN Lease
9950 SE 15th St Midwest City, OK
Price: $4,088,000
Status: Sold
Cap Rate: 7.5%
Year Built: 2004
NOI: $306,638
Lot Size: 1.42 acres
Price Per Foot: $279
Lease Type: Absolute Triple-Net
Remaining Term: 11.5 Years
GLA: 14,650 sqft
Property Intro
Lee & Associates and Bang Realty are pleased to present this Walgreens located in Midwest City, OK. With absolute triple net lease structure and no landlord responsibilities, this is a great asset for a qualified investor.
investment highlights
Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease
Top 22% Ranked Walgreens Nationally and within Oklahoma (Source: Placer.ai)
Critical Business Driver – Proximity to Tinker U.S. Air Force Base – 9,000 Military & Civilian Personal
listing agents
