950 E Taft Ave Sapulpa, OK 74066

Property Details for 950 E Taft Ave

Year built

2002

Construction

CONCRETE BLOCKS

Property size

14,895 SF

Property type

Drug stores

APN

1023-00-001-000-0-010-00

APU

102300001000001000

Description

This exceptional investment opportunity presents a Walgreens pharmacy located at 950 E Taft Ave, Sapulpa, OK 74066. The property boasts a substantial 15,000 square foot building situated on a 2.03-acre lot, constructed in 2002. Currently operating under a Net Lease (NNN) agreement with a corporate guarantee, the lease features a remaining term of approximately 2.9 years, with three five-year renewal options. The lease commenced on November 1st, 2002, and is set to expire on October 31st, 2027. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $235,000, resulting in a compelling 7.25% cap rate. The asking price is $3,241,000, translating to $216.07 per square foot. Key features include a drive-thru, ample parking, and excellent visibility from E Taft Ave and S Division St. The tenant is responsible for roof and structural maintenance. The property benefits from its strategic location directly across from Xpress Wellness Urgent Care and minutes from other health centers and clinics, ensuring high foot traffic and strong tenant performance. This is a rare opportunity to acquire a well-established, high-performing retail property with a reliable corporate tenant and significant residual land value.

Location Insight

City

Sapulpa

County

Creek

State

Oklahoma

Longitude

-96.1015

Latitude

35.988

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments