601 W Will Rogers Boulevard, Other - See Remarks, OK 74017
$4,400,000
$4,500,000
2.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

14,412 SqFt

601 W Will Rogers Boulevard Other - See Remarks, OK 74017

Est. payment /mo
SOLD DATE : 09/08/2026

Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $4,400,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 14,412 sqft

Price per Sqft $305

MLS Listing ID CL26649277

Sold Date 09/08/26

HOA Y/N No

Lot Size 1.278 Acres

Acres 1.2781

Property Sub-Type Comm Ind For Sale

Property Description

This offering presents a rare opportunity to acquire a truly passive, institutional-quality retail investment backed by one of America's most recognized pharmacy brands. The property is leased to Walgreens Co., an Illinois corporation, under an absolute triple-net (NNN) lease structure that transfers 100% of operating responsibility to the tenant. Under this arrangement, Walgreens assumes full responsibility for all property expenses including real estate taxes, property and liability insurance, utilities, routine maintenance and repairs, capital expenditures, roof and structural maintenance, and environmental compliance. The landlord bears zero operating responsibility, no management burden, no maintenance obligations, no capital calls, and no tenant coordination beyond lease administration. This represents the highest level of passive ownership available in commercial real estate, delivering predictable net cash flow of $360,000 annually ($30,000 monthly) with virtually no deductions or operating expenses from the gross rent collected. The current rent equates to approximately $24.98 per square foot with 10 years and four months remaining on the lease and an additional nine 5-year options through 2081. The lease provides institutional-grade credit quality through a direct agreement with Walgreens Co. and a full corporate guarantee, there is no franchisee, no special purpose entity, and no credit carve-out. This Fortune 50, publicly traded corporation operates over 8,000 locations nationwide and maintains one of the strongest balance sheets in the retail pharmacy sector. The lease commenced November 1, 2003, following construction of this purpose-built, 14,412-square-foot pharmacy on a prominent 1.28-acre corner site at West Will Rogers Boulevard and Lynn Riggs Boulevard in Claremore, Oklahoma.Walgreens has continuously operated this location for over 20 years, demonstrating sustained commitment to the market and the specific site. The lease includes rolling five-year tenant termination rights beginning June 30, 2036, which is standard in Walgreens corporate leases and provides the tenant with operational flexibility while maintaining strong renewal probability given the substantial investment in this purpose-built facility. The tenant also retains broad assignment and sublease rights, including the ability to assign to affiliates or in connection with corporate restructuring, and is permitted to go dark subject to continued rent payment, though no contin

Location

State OK

County Other

Interior

Fireplace No

Exterior

Total Parking Spaces 82

Building

New Construction No

Others

Tax ID UNAVAILABLE

Read Less


Bridge MLS
Listed by Oron Maher • Maher Commercial Realty
Bought with SubscriberNon

NEARBY SCHOOLS & BUSINESSES

GET MORE INFORMATION

Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

Name
Phone*
Message