For Sale
$3,241,000

950 Taft Ave Sapulpa, OK 74066

High-yield pharmacy investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a Walgreens pharmacy located at 950 E Taft Ave, Sapulpa, OK 74066. The property boasts a substantial 15,000 square foot building situated on a 2.03-acre lot, constructed in 2002. Currently operating under a Net Lease (NNN) agreement with a corporate guarantee, the lease features a remaining term of approximately 2.9 years, with three five-year renewal options. The lease commenced on November 1st, 2002, and is set to expire on October 31st, 2027. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $235,000, resulting in a compelling 7.25% cap rate. The asking price is $3,241,000, translating to $216.07 per square foot. Key features include a drive-thru, ample parking, and excellent visibility from E Taft Ave and S Division St. The tenant is responsible for roof and structural maintenance. The property benefits from its strategic location directly across from Xpress Wellness Urgent Care and minutes from other health centers and clinics, ensuring high foot traffic and strong tenant performance. This is a rare opportunity to acquire a well-established, high-performing retail property with a reliable corporate tenant and significant residual land value.

Highlights

  • High-profile location directly across from Xpress Wellness Urgent Care.
  • Strong, national tenant with nearly 9,000 locations, occupying the property since 2002.
  • Substantial 2.03-acre lot, enhancing property value.
  • Features a drive-thru and ample parking.
  • Excellent visibility and accessibility from E Taft Ave and S Division St. Tenant responsible for roof and structural maintenance.

Property Details for 950 Taft Ave

Property type
Retail properties, Drug stores
Square Feet
15,000 SF
Year Built
2002
Buildings
1
Lot Size (sq. ft)
88,427 SF

Location Insight

City
Sapulpa
County
Creek
State
Oklahoma
Latitude
35.988394672123
Longitude
-96.101446981309

FAQs

What type of property is this?
Retail property - High-yield pharmacy investment, strong tenant.
Where is the retail property located?
The property is located at 950 Taft Ave Sapulpa, OK.
What is the asking price?
The asking price for this property is $3,241,000.
What are key features of this property?
This property features: High-profile location directly across from Xpress Wellness Urgent Care.; Strong, national tenant with nearly 9,000 locations, occupying the property since 2002.; Substantial 2.03-acre lot, enhancing property value.
How can I contact the broker?
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950 Taft Ave
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