Investment Overview
Built in 1995, with an initial twenty year firm term, this Walgreens has seen three options exercised (at this in-place rent) over the last fifteen years. Most recently, Walgreens exercised its option in 2025, demonstrating its commitment to the site as well as the success of the store. The ranking data, highlights it's position in Walgreens portfolio as one of the best stores in the country...at a hard to find, low annual rent. Investors may view the potential for a 2030 renewal as supported by a rare combination of objective factors: more than 30 years of continuous occupancy, three consecutive option exercises, below-market rent, exceptional store performance, one of Walgreens' highest foot-traffic rankings in the nation, and a premier infill location at a dominant retail intersection. While no lease renewal can ever be guaranteed, these characteristics collectively suggest this location is well positioned to remain an important part of Walgreens' long-term operating portfolio.
Investment Highlights
- Below Market Rents
- Walgreens Has Been Opera ng at This Loca tion for 30+ Years
- Already Exercised Three Op tions at the In Place Rent
- Foot Traffic at This Locati on Ranks Amongst the Best in the Country
- One of Walgreens Best Five Stores in Oklahoma
- Top 400 Loca tion in the En re Country
- #1 Store in the Trade Area, Out of Thirteen
- Strategic Locati on