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    9950 SE 15Th St Oklahoma City, OK 73130

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    For Sale
    $4,910,000

    Retail property with long-term lease and strong sales.

    Property size:
    14,650 SF

    Property Features for 9950 SE 15Th St

    General Information

    Size
    14,650 SF

    Building Details

    Year built
    2004

    Source: Ryan Bennett Agent Ryan Bennett

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

    Overview

    Walgreens Investment Property with Extension

    The property is a 14,650-square-foot retail building with a drive-thru, constructed in 2004, situated on approximately 1.42 acres. The property is subject to an absolute NNN lease with approximately 11.5 years remaining, following a recent lease extension that commenced in July 2024. The location benefits from its proximity to Tinker U.S. Air Force Base, which has 9,000 military and civilian personnel. The property is located approximately 5 miles from the Oklahoma City Air Logistics Complex, Tinker U.S. Air Force Base, and approximately 11 miles from downtown Oklahoma City. The surrounding area has favorable demographics, with an average household income of $109,000 within a 1-mile radius and a population of 93,000 within a 5-mile radius. The property is located in Midwest City, Oklahoma (Oklahoma City). According to Placer.ai, this Walgreens location is ranked in the top 22% nationally and within Oklahoma, with strong reported sales and a 10% rent to sales ratio.
    Location Intelligence

    Current Use by Public Records

    Blue Rhino Tank ... Propane Supplier Walgreens Cosmetics Store Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Cardtronics Atm

    Suggested Use

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

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

    Similar Places Nearby

    Comfort Care Pharmacy, So Waisted Boutique

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.3536108
    Latitude
    35.4491526

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    FAQs

    What type of property is this?
    Drug store - Retail property with long-term lease and strong sales.
    Where is this drug store located?
    The property is located at 9950 SE 15Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $4,910,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease with 11.5 Years Remaining: Enjoy a long-term, passive income stream.; - Top 22% Walgreens Nationally: Benefit from a strong performing location.; - Strong Reported Sales with 10% Rent to Sales Ratio: Demonstrates a healthy and sustainable business.
    (760) 519-0240
    Request Owner's contact information
    9950 SE 15Th St Oklahoma City, OK 73130
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    Oklahoma City, OK 73130
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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
    9950 SE 15Th St Oklahoma City, OK 73130
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