9950 15th St Midwest City, OK 73130

This exceptional investment opportunity presents a fee-simple interest in a 14,650-square-foot Walgreens located at 9950 SE 15th St, Midwest City, OK 73130. Built in 2004, this single-tenant, absolute NNN leased property sits on a 1.42-acre lot and boasts a drive-thru. The current lease, with a corporate guarantee, commenced January 1, 2005, and extends to January 31, 2036, offering a substantial remaining lease term of 11.2 years, with nine 5-year renewal options. The property generates a strong net operating income (NOI) of $306,638, resulting in a 7.00% cap rate. The asking price is $4,380,000, translating to $298.98 per square foot. This Walgreens location is ranked in the top 22% nationally by Placer.ai, demonstrating exceptional performance and a healthy 10% rent-to-sales ratio. The property benefits from its proximity to Tinker U.S. Air Force Base, a significant driver of local business. This offering presents a low-risk, high-return investment with a long-term, credit-rated tenant and minimal landlord responsibilities. The property is 100% occupied and offers a compelling 1031 exchange opportunity.