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.
- 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