Price: $6,196,078
Cap Rate: 5.10%
Net Operating Income: $316,000
Square Footage: 14,550
Lot Size: 1.74 AC
Year Built: 2005
The subject property is a 14,550 square foot building, leased to Walgreens (WBA) on an absolute NNN lease. The tenant has a new 15 year lease with 5% increases every 5 years. The asset is well located in Elk City, OK. This Walgreens is within close proximity to Dollar General, Homeland Grocery Store, Sonic Drive-In, Taco Bell, and many others.
Elk City is a city in Beckham County, Oklahoma, United States. The population was 11,693 at the 2010 census, and the population was estimated at 11,577 in 2019. Elk City is located on Interstate 40 and Historic U.S. Route 66 in western Oklahoma, approximately 110 miles (180 km) west of Oklahoma City and 150 miles (240 km) east of Amarillo, Texas.
