Leased Drugstore Retail
3501 36th Ave NW Norman, OK 73072
3501 36th Ave NW, Norman, OK, 73072
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For Sale
Contact for pricing
Pending
12,888 SF CVS property with a new 15-year firm lease term and absolute net structure.
Property Size12,888 SF
Days on Market103
Property Features for 3501 36th Ave NW
General Information
- Standard status
- Pending
- Size
- 12,888 SF
- Property subtype
- Retail
Listing agency
Cushman & Wakefield - San Diego, California
Listed by
Brandon Price · License #CA 01822998
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 3:04AM Checked: Jul 22 at 3:04AM
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
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload - Online Bitcoin ...
Currency Exchange Service
CVS
Cosmetic Store
CVS Pharmacy
Pharmacy
Amerigas Propane Exchange
Propane Supplier
Similar For Sale Nearby
Similar Off Market Nearby
- Legend Care Pharmacy — 2600 Technology Pl, Norman, OK 73071
- PharmHelp — 2600 Technology Pl, Norman, OK 73071
FAQs
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
