116 Grn Ave Purcell, OK 73080-4012

Property Details for 116 Grn Ave

Year built

2010

Property size

14,718 SF

Property type

Drug stores

APN

PURC-00-109-001-0-000-00

APU

PURC00109001000000

Description

This exceptional investment opportunity presents a 14,820 square foot Walgreens located at 116 N Green Ave, Purcell, OK 73080. The property sits on a 1.62-acre lot and boasts a strong 10.00% cap rate, generating a net operating income (NOI) of $343,000. The absolute NNN lease with Walgreens, the only drugstore within a 13-mile radius, extends until April 30, 2035, offering a remaining lease term of 10.4 years. Built in 2010, this strategically located retail property benefits from its position on a main thoroughfare, near a new municipal hospital, and within a growing community. Purcell's population within a 5-mile radius has expanded by over 10% since 2020, with projections of over 3% annual growth through 2029. The property's prime location, coupled with the long-term lease and high cap rate, makes it an attractive investment for discerning buyers seeking stable, passive income. The asking price for this exceptional opportunity is $3,430,000. This investment is further enhanced by its proximity to Interstate-35, a major transportation artery connecting Oklahoma City to Fort Worth/Dallas, and the presence of a significant local employer, the Chickasaw Nation Purcell Health Clinic. The property's visibility and location within a thriving community contribute to its strong financial performance and long-term growth potential.

Location Insight

City

Purcell

County

Mcclain

State

Oklahoma

Longitude

-97.3656

Latitude

35.0131

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments