601 W Will Rogers Blvd Claremore, OK 74017

This is an opportunity to acquire a retail investment property leased to Walgreens Co. The property is under an absolute triple-net (NNN) lease, transferring all operating responsibilities to the tenant. Walgreens assumes responsibility for all property expenses, including real estate taxes, insurance, utilities, maintenance, capital expenditures, and environmental compliance. The landlord has zero operating responsibility. The property generates a net cash flow of $360,000 annually ($30,000 monthly). The current rent is approximately $24.98 per square foot. There are 10 years and four months remaining on the lease, with an additional nine 5-year options through 2081. The lease provides credit quality through a direct agreement with Walgreens Co. and a full corporate guarantee. The lease commenced November 1, 2003, following construction of the 14,412-square-foot pharmacy on a 1.28-acre corner site at West Will Rogers Boulevard and Lynn Riggs Boulevard in Claremore, Oklahoma. Walgreens has operated this location for over 20 years. The lease includes rolling five-year tenant termination rights beginning June 30, 2036, and the tenant retains assignment and sublease rights and is permitted to go dark subject to continued rent payment. The property occupies a high-visibility corner location with frontage on two commercial corridors, generating a traffic count exceeding 32,000 vehicles per day. The freestanding building features a drive-thru pharmacy configuration and 82–88 surface parking spaces. Located approximately 30 miles northeast of Tulsa, the property serves an established trade area. This investment offers a turnkey asset with minimal management requirements and long-term income stability.