Overview

Description

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

The fee simple interest of a Walgreens investment property located in Midwest City, Oklahoma (Oklahoma City) (the “Property”). Built in 2004, the Property consists of a 14,650-square-foot retail building with a drive-thru that sits on an approximately 1.42-acre parcel. Walgreens shows commitment to this site with a newly inked lease extension that just commenced. The Subject Property is ranked in the Top 22% of Walgreens Nationally per Placer.ai. This location has strong reported sales and a healthy 10% rent to sales ratio. Absolute-NNN lease structure and no landlord responsibilities.

Location

LOCATED JUST 5 MILES FROM THE OKLAHOMA CITY AIR LOGISTICS

COMPLEX, TINKER U.S. AIR FORCE BASE – 9,000 MILITARY & CIVILIAN

PERSONEL - $109,000 AVERAGE HOUSEHOLD INCOMES

• CRITICAL TRAFFIC DRVER – TINKER U.S. AIR FORCE BASE – 9,000 FULL TIME EMPLOYEES

• SUBJECT PROPERTY RESIDES JUST 11 MILES FROM DOWNTOWN OKLAHOMA CITY

• FAVORABLE DEMOGRAPHICS FOR TENANT CONCEPT - $109,000 AVERAGE INCOME WITHIN 1-MILE

RADIUS OF SUBJECT PROPERTY

• 93,000 PEOPLE WITHIN A 5-MILE RADIUS

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