950 E Taft Ave Sapulpa, OK 74066
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.
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Walgreens Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.