Triple-Net Pharmacy Lease
For Sale
Contact for pricing
6116 South Lewis Avenue, Tulsa, OK 74136
Long-term CVS pharmacy site offered on absolute NNN terms with extended firm lease remaining.
Property Size12,290 SF
Price / SF$425.57
Days on Market99
Property Features for 6116 South Lewis Avenue
General Information
Standard status
Active
Size
12,290 SF
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$326,893
Additional Details
Business Included
Yes
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Pharma Property Group
Listed By:
Jason Pongsrikul · License #CA 01918332
(619) 297-0055
Source:
Crexi
Added: Jun 1
Changed: Sep 4
Last Checked: Sep 2 at 7:02PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
The property is a CVS Pharmacy location operating at this address since 2015, offered for sale as an absolute triple net (NNN) lease. Under the lease structure, there are no landlord responsibilities. The lease includes over 14 years of firm term remaining before option periods. The asset is described as a Qualified Indian Reservation Property (QIRP), which provides an accelerated depreciation incentive associated with the property’s classification.
The CVS property is located at 6116 South Lewis Avenue in Tulsa, OK. The site is less than 2 miles from Oral Roberts University and directly across the street from Southern Hills Country Club. It is also located less than 0.5 mile from The Villages at Southern Hills, a senior-living and skilled-nursing community.
This offering is designed for investors seeking a drugstore asset with a long, established tenant footprint and an absolute NNN lease structure that places responsibilities with the tenant. With CVS in place since 2015 and the lease carrying a significant remaining firm term, the property provides a straightforward, tenant-centric ownership profile, alongside a QIRP-related accelerated depreciation incentive.
The CVS property is located at 6116 South Lewis Avenue in Tulsa, OK. The site is less than 2 miles from Oral Roberts University and directly across the street from Southern Hills Country Club. It is also located less than 0.5 mile from The Villages at Southern Hills, a senior-living and skilled-nursing community.
This offering is designed for investors seeking a drugstore asset with a long, established tenant footprint and an absolute NNN lease structure that places responsibilities with the tenant. With CVS in place since 2015 and the lease carrying a significant remaining firm term, the property provides a straightforward, tenant-centric ownership profile, alongside a QIRP-related accelerated depreciation incentive.
Key Highlights
- CVS Pharmacy property at 6116 S Lewis Avenue, Tulsa, OK 74316, built in 2015
- CVS has operated at the location since 2015, with over 14 years of firm term remaining before option periods
- Lease is an absolute triple net (NNN) structure with no landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
62k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
QuikTrip
Shops & Services
27,461 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,295 visits/mo
0.1 miles
SONIC Drive In
Dining
7,885 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,921 visits/mo
0.1 miles
Dollar General
Shops & Services
3,657 visits/mo
0.1 miles
Demographics for 74136, OK
30,416
Population
16,375
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,950
Density / Sq Mi
$51,314
Median Household Income
$35,072
Median Earnings
$926
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
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Frequently Asked Questions
What type of property is this?
Drug store - Long-term CVS pharmacy site offered on absolute NNN terms with extended firm lease remaining.
Where is this drug store located?
The property is located at 6116 South Lewis Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $5,230,288.
What are key features of this property?
This property features: CVS Pharmacy property at 6116 S Lewis Avenue, Tulsa, OK 74316, built in 2015; CVS has operated at the location since 2015, with over 14 years of firm term remaining before option periods; Lease is an absolute triple net (NNN) structure with no landlord responsibilities
