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    Freestanding Retail Space in Sapulpa Title is generated by Realmo AI

    950 E Taft Ave, Sapulpa, OK

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    15,000 SF former Walgreens available for sublease.

    Type:RETAIL
    Property size:
    15,000 SF
    Lot size:
    1.75 Acres
    Price / SF:
    $216/SF
    Added:
    Dec 13, 2024
    Days on Market:
    556
    Last Refresh:
    May 20 at 8:40 pm

    Property Features for 950 E Taft Ave

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    1.75 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Doug Keith

    Listing agent Doug Keith License #MI 6502378067

    Listing office McGraw Commercial Properties | Tulsa

    Listing date Dec 13, 2024

    Source Moodyscre

    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 McGraw Commercial Properties | Tulsa

    HighLights

    • Freestanding 15,000 SF former Walgreens
    • Sublease opportunity with lease term through 11/1/2027
    • $11.00/PSF Modified Gross
    • Approximately 90 parking spaces
    • Located in southeast Sapulpa, OK
    • Near Atwoods, Taco Bell, Quik Trip and Advance Auto Parts

    Overview

    A 15,000-square-foot freestanding retail space, formerly a Walgreens, is available for sublease in southeast Sapulpa, Oklahoma. The lease term extends through November 1, 2027. The property features approximately 90 parking spaces. Nearby retailers include Atwoods, Taco Bell, QuikTrip, and Advance Auto Parts. The lease rate is $11.00 per square foot on a modified gross basis.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $270.0k $18.00
    − Vacancy −$8.1k −$0.54
    EGI $261.9k $17.46
    − OpEx −$65.5k −$4.37
    NOI $196.4k $13.10
    15,000 SF · lease $18.00/SF/yr · vacancy 3.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.81M
    $2.46M – $3.27M (±1% cap)
    NOI $196,425 @ 7.0% cap · market cap 6.06%
    Second Best
    Retail
    $660.2K
    $577.7K – $770.3K (±1% cap)
    NOI $46,217 @ 7.0% cap · market cap 1.43%
    Theoretical Best
    Office A
    $3.69M
    $3.23M – $4.30M (±1% cap)
    NOI $258,206 @ 7.0% cap · market cap 7.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx OnSite Postal Service Walgreens Photo (Bike/Boat/Book/etc) Store COVID-19 Drive-thru Testing ... Pharmacy LibertyX Bitcoin ATM Atm Walgreens Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rose Rock Pharmacy — 12100 S Yukon Ave, Glenpool, OK 74033

    Location Insight

    • Map
    • Local Demand
    City
    Sapulpa
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.1015
    Latitude
    35.988

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    FAQs

    What type of property is this?
    Drug store - 15,000 SF former Walgreens available for sublease.
    Where is this drug store located?
    The property is located at 950 E Taft Ave Sapulpa, OK.
    What is the asking price?
    The asking price for this property is $3,240,000.
    What are key features of this property?
    This property features: Freestanding 15,000 SF former Walgreens; Sublease opportunity with lease term through 11/1/2027; $11.00/PSF Modified Gross
    (646) 256-6768 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Doug Keith
    Real Estate License ID: MI 6502378067
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