Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2001
Building Area Net
Land Area Net ()
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc.​ (“JLL”) is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a Walgreens (the “Property”) on the University of Oklahoma’s campus in Norman, OK.​ The site sits in a dense retail thoroughfare with exposure to nearly 60,000 VPD.​ It’s across the street from Norman High School, the #1 high school in the county.​ The store has been operating as a 24-hour store for more than two decades and is a top 1% performer nationally by annual sales.​ Walgreens is operating on a 15-year lease extension that began in 2021 and includes rent bumps, a testament to the confidence Walgreens corporate has in this site.​

Investment Highlights

  • ​RARE PARCEL ON ITS OWN BLOCK
  • ​SITE SITS ON OU'S CAMPUS
  • ​TOP 1% STORE BY ANNUAL SALES (Please inquire for sales report)
  • ​14-YR NET LEASE WITH NO LANDLORD RESPOSIBILITIES
  • ​5% RENT BUMPS EVERY 5 YEARS
  • ​OVERSIZED 2.11 AC PARCEL
Last Updated Date: 01 Mar 2022

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Last Updated Date: 01 Mar 2022

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