Walgreens Drugstore For
For Sale
$2,666,666
9011 S Pennsylvania Avenue, Oklahoma City, OK 73159
Built in 1995, this Walgreens has exercised three options, most recently in 2025, at the in-place rent.
Property Size13,386 SF
Days on Market94
Property Features for 9011 S Pennsylvania Avenue
General Information
Standard status
Active
Size
13,386 SF
Property subtype
Retail - Freestanding
Additional Details
Highway Access
Yes
Building Details
Building Size
13,386 SF
Year Built
1995
Listing Agency:
RX Syndicate
Listed By:
Arthur Griffith · License #01876378
Source:
Commercialcafe
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 20 at 5:30PM
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 RX Syndicate
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Investment Insights
Based on property information with market context.
This Walgreens drugstore property was built in 1995 and is currently operated by Walgreens. The original structure included an initial twenty-year firm term, and the lease has seen three option exercises over the past fifteen years, most recently in 2025, at the in-place rent.
The property is positioned along a major north-south arterial within a well-established residential and retail corridor. Public remarks cite strong visibility and direct access to the region’s primary transportation network, with proximity to Interstate 240, Interstate 44, downtown Oklahoma City, Tinker Air Force Base, and the Norman/University of Oklahoma corridor.
According to the remarks, the location has supported more than 30 years of continuous occupancy and is characterized by below-market rent and exceptional store performance, including high foot-traffic rankings within the Walgreens portfolio.
The property is positioned along a major north-south arterial within a well-established residential and retail corridor. Public remarks cite strong visibility and direct access to the region’s primary transportation network, with proximity to Interstate 240, Interstate 44, downtown Oklahoma City, Tinker Air Force Base, and the Norman/University of Oklahoma corridor.
According to the remarks, the location has supported more than 30 years of continuous occupancy and is characterized by below-market rent and exceptional store performance, including high foot-traffic rankings within the Walgreens portfolio.
Key Highlights
- Walgreens store built in 1995 with a previously stated initial 20‑year firm term
- Three option exercises over the last 15 years, most recently in 2025, at the in‑place rent
- More than 30 years of continuous occupancy reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,396
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,920
$4.0M
Cap Rate 7%
$2,891,371
$2.9M
Cap Rate 9%
$2,248,844
$2.2M
Market Conditions
NOI Build-Up for 13,386 SF
Gross rent
$321.3K $24.00/SF
− Vacancy
−$32.1K −$2.40/SF
EGI
$289.1K $21.60/SF
− OpEx
−$86.7K −$6.48/SF
NOI
$202.4K $15.12/SF
Area
ZIP 73159
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,920
Cap Rate 7%
$2,891,371
Cap Rate 9%
$2,248,844
Alternative Uses
Best Use
Specialty Retail
$3.96M
$3.46M – $4.62M
NOI $277,090 @ 7.0% cap · market cap 10.39%
Second Best
Retail
$2.89M
$2.53M – $3.37M
NOI $202,396 @ 7.0% cap · market cap 7.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
83k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Apparel 15%
Shops & Services 13%
Groceries 6%
McDonald's
Dining
26,652 visits/mo
0.0 miles
Braum's Ice Cream & Dairy Stores
Dining
15,332 visits/mo
0.2 miles
Goodwill
Apparel
12,190 visits/mo
0.1 miles
Wendy's
Dining
11,879 visits/mo
0.1 miles
BancFirst
Shops & Services
5,976 visits/mo
0.2 miles
Demographics for 73159, OK
32,981
Population
13,618
Households
2.4
Avg Household Size
33
Median Age
17%
College-Educated
85%
High-School Grad
13.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$56,369
Median Household Income
$36,125
Median Earnings
$1,119
Median Rent
$144,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- Walgreens Pharmacy — 9011 S Pennsylvania Ave, Oklahoma City, OK 73159
- Natural Grocers — 2120 SW 89th St, Oklahoma City, OK 73159
- Adam Tomberlin — 9011 S Pennsylvania Ave, Oklahoma City, OK 731596932
- Zayne Walters — 9011 S Pennsylvania Ave, Oklahoma City, OK 731596932
- Jeff Schuff — 9011 S Pennsylvania Ave, Oklahoma City, OK 731596932
Frequently Asked Questions
What type of property is this?
Drug store - Built in 1995, this Walgreens has exercised three options, most recently in 2025, at the in-place rent.
Where is this drug store located?
The property is located at 9011 S Pennsylvania Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,666,666.
What are key features of this property?
This property features: Walgreens store built in 1995 with a previously stated initial 20‑year firm term; Three option exercises over the last 15 years, most recently in 2025, at the in‑place rent; More than 30 years of continuous occupancy reported
