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    4971 S Memorial Dr Tulsa, OK 74145

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    For Sale
    $2,868,852

    Retail property featuring a corporate-guaranteed lease with increases.

    Property size:
    13,500 SF
    Lot size:
    0.90 Acres

    Property Features for 4971 S Memorial Dr

    General Information

    Size
    13,500 SF
    Lot size
    0.90 Acres

    Source: Marcus & Millichap Agent Steve Greer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Lease Extension

    This retail property features a recent 10-year lease extension, with increases scheduled every five years. The lease is corporate guaranteed by Walgreens Boots Alliance (NASDAQ: WBA). The lease includes an 8.57% increase in year 6, a 5.26% increase at renewal, and 10% increases at options thereafter. The remaining lease term is over 10 years. The property has a size of 13500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor LibertyX Bitcoin ATM Atm Barret Smith, Pharm Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kurt J. Frick, PD, All Saints Home Medical Equipment

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.886479
    Latitude
    36.091778

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    FAQs

    What type of property is this?
    Drug store - Retail property featuring a corporate-guaranteed lease with increases.
    Where is this drug store located?
    The property is located at 4971 S Memorial Dr Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,868,852.
    What are key features of this property?
    This property features: - Corporate Guaranteed Lease by Walgreens Boots Alliance (NASDAQ: WBA); - Recent 10 Year Lease Extension; - 10+ Years Remaining Lease Term
    (225) 329-8385
    Request Owner's contact information
    4971 S Memorial Dr Tulsa, OK 74145
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    Tulsa, OK 74145
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4971 S Memorial Dr Tulsa, OK 74145
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