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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

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
More about this property
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