9401 N Pennsylvania Ave - Drug Store FOR SALE


The Village, OK 73120
$5,629,671 USD
619-297-0055
9401 N Pennsylvania Ave, The Village, OK for Sale
$5,629,671 USD
Drug Store - FOR SALE
1/3
null | 7% Cap Rate

9401 N Pennsylvania Ave
The Village, OK 73120


HIGHLIGHTS

  • This CVS lease has over 9 years guaranteed rent before the next option with no rent holiday.
  • The lease has 5% rental increases at the first 2 (5-year) options.
  • Casady School, located adjacent to the property, enrolls approximately 1,020 students in pre kindergarten through the 12th grade.
  • Nearby major employers include Love’s Travel Stops & Country Stores Headquarter (1,500 employees) and Integris Health.
  • Approximately 835,000 square feet of commercial space within a one-mile radius, anchored by Walmart and other national retailers.

OVERVIEW

We are pleased to offer for sale the CVS Pharmacy property located at 9401 North Pennsylvania Avenue, The Village, OK 73120 (the "Property"). This offering provides a secure, passive investment opportunity featuring an absolute triple-net (NNN) lease with zero landlord responsibilities. CVS has operated at this location since 2009 with a firm term through August 5, 2034 and ten (5-year) renewal options. The Property is located in The Village, a suburb of Oklahoma City, with a population of approximately 191,000 residents within a five-mile radius. The Property is located approximately 2.5 miles west of McBride Orthopedic Hospital, a 68-bed specialty facility, and is surrounded by numerous other medical offices and providers including Community Hospital North, Thunder ION Saints Dermatology Surgery Center, Clear Choice Dental Implant Center, and Ameripath Diagnostic Laboratory. Major employers in the market include Love’s Travel Stops & Country Stores (headquartered nearby with approximately 1,500 employees) and Integris Health, Oklahoma's largest locally owned health system whose headquarters are approximately 4 miles north of the Property. Retail and commercial space surrounding the Property totals approximately 835,000 square feet within a one-mile radius, anchored by major national retailers including Walmart, Ace Hardware, and Dollar General. Lake Hefner, a 2,500-acre recreational destination, is located approximately two miles west and serves as a significant leisure draw to the area. Listed in conjunction with Brian Brockman, Bang Realty - Oklahoma Inc, 513-898-1551, wg@bangrealty.com, OK DRE Lic. 177814.

FOR SALE DETAILS

PRICE

$5,629,671 USD

PRICE/SF

$435 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 YR OKC MSA CVS | No Rent Holiday | 5% Incr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

-

APN/PARCEL ID

179221537

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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