For more information regarding the value of a property, please contact us for a free consultation.
601 W Will Rogers Boulevard Other - See Remarks, OK 74017
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

© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with SubscriberNon
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION

- Homes For Sale in Danville HOT
- Homes For Sale in San Ramon HOT
- Homes For Sale in Pleasanton HOT
- Homes For Sale in Dublin HOT
- Homes For Sale in Lafayette HOT
- Homes For Sale in Walnut Creek
- Homes For Sale in Antioch
- Homes For Sale in Concord
- Homes For Sale in Richmond
- Homes For Sale in Brentwood
- Homes For Sale in Martinez
- Homes For Sale in Pittsburg
- Homes For Sale in Pleasant Hill
- Homes For Sale in Orinda
- Homes For Sale in Alamo
- Homes For Sale in Bay Point
- Homes For Sale in Blackhawk

