900 SW 44th St - Drug Store FOR SALE


Oklahoma City, OK 73109- Highlander Community South
$4,798,000 USD
929-229-2614
900 SW 44th St, Oklahoma City, OK for Sale
$4,798,000 USD
Drug Store - FOR SALE
1/5
null | 7% Cap Rate

900 SW 44th St
Oklahoma City, OK 73109
Highlander Community South


HIGHLIGHTS

  • 4+ Years Lease Term Remaining | Commitment To Site | Renewal Options & Rent Increases
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Top-Performing Store
  • Strong Surrounding Tenancy | Strategic Corner Location

OVERVIEW

• The tenant, Eckerd Corporation, is a wholly owned subsidiary of CVS Health Corporation (NYSE: CVS), one of the largest and most financially stable pharmacy operators in the U.S, offering income security through affiliation with a nationally recognized brand • Having operated at this location since 1999, the tenant has demonstrated long-term commitment to the site by exercising two renewal options; over four years remain on the current lease term, with two (2) additional five-year options available • The lease includes scheduled rent increases of $5,454 at the start of each renewal period, contributing to reliable NOI growth and inflation protection

FOR SALE DETAILS

PRICE

$4,798,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C-3

APN/PARCEL ID

074600407

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.