Below Market Rent/Top 1400 Walgreens - Tulsa

Investment Overview

Walgreens has been in operation at this store for over 30 years and appears poised to continue that run of successful occupancy. Built in 1993, 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 2023, demonstrating its commitment to the site as well as the success of the store. The ranking data on the previous page, highlights its position in Walgreens portfolio as an ultra strong performer in the country...at a hard to find, low annual rent. Investors may view the potential for a 2028 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 Operating at This Location fo 30+ Years
• Already Exercised Three Options at the In Place Rent
• Foot Traffic at This Location Ranks Amongst the Best in the Country
• Rare Blend of Density and Affluent Demnos
• Top 1500 Location in the Entire Country
• #1 Store in the Trade Area, Out of 9
• Strategic Location
• Strong Sales - Especially at This Rent