Leased Drugstore Retail
For Sale
Contact for pricing
Pending
3501 36th Ave NW, Norman, OK 73072
12,888 SF CVS property with a new 15-year firm lease term and absolute net structure.
Property Size12,888 SF
Days on Market116
Property Features for 3501 36th Ave NW
General Information
Standard status
Pending
Size
12,888 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Brandon Price · License #CA 01822998
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Aug 3 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The subject property is a 12,888-square-foot CVS retail building in Norman, Oklahoma. The asset benefits from a new 15-year firm lease term, with five percent rent increases between each of the eight 5-year renewal options. The lease is described as absolute net, providing for zero landlord responsibilities.
The property is located at the intersection of 36th Avenue and West Tecumseh Road, positioned adjacent to Norman Regional Healthplex, a regional 400,000-square-foot, 168-bed hospital. It also sits approximately one block west of Interstate 35, with direct access to the Oklahoma City market. The remarks note combined daily traffic counts in excess of 35,400 vehicles along two of the area’s main traffic corridors.
CVS is publicly traded on the NYSE under the ticker symbol “CVS,” and the remarks state the company has a current BBB credit rating by Standard & Poor’s.
The property is located at the intersection of 36th Avenue and West Tecumseh Road, positioned adjacent to Norman Regional Healthplex, a regional 400,000-square-foot, 168-bed hospital. It also sits approximately one block west of Interstate 35, with direct access to the Oklahoma City market. The remarks note combined daily traffic counts in excess of 35,400 vehicles along two of the area’s main traffic corridors.
CVS is publicly traded on the NYSE under the ticker symbol “CVS,” and the remarks state the company has a current BBB credit rating by Standard & Poor’s.
Key Highlights
- 12,888 SF CVS in Norman, OK
- New 15‑year firm lease term with eight 5‑year renewal options
- Lease has 5% rent increases between each of the eight 5‑year renewal options
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 93%
Shops & Services 5%
Beauty & Spa 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
25,955 visits/mo
0.1 miles
SONIC Drive In
Dining
19,050 visits/mo
0.1 miles
Wendy's
Dining
11,533 visits/mo
0.1 miles
Arvest Bank
Shops & Services
3,433 visits/mo
0.1 miles
SUBWAY
Dining
2,333 visits/mo
0.0 miles
Demographics for 73072, OK
51,062
Population
20,915
Households
2.4
Avg Household Size
30
Median Age
53%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
978
Density / Sq Mi
$76,933
Median Household Income
$32,892
Median Earnings
$1,102
Median Rent
$291,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Legend Care Pharmacy — 2600 Technology Pl, Norman, OK 73071
- PharmHelp — 2600 Technology Pl, Norman, OK 73071
Frequently Asked Questions
What type of property is this?
Drug store - 12,888 SF CVS property with a new 15-year firm lease term and absolute net structure.
Where is this drug store located?
The property is located at 3501 36th Ave NW Norman, OK.
What are key features of this property?
This property features: 12,888 SF CVS in Norman, OK; New 15‑year firm lease term with eight 5‑year renewal options; Lease has 5% rent increases between each of the eight 5‑year renewal options
