DST OFFERING SUMMARY
  • – Single-tenant absolute NNN investment in Tulsa, OK
  • – 14,490 SF retail/pharmacy on a 1.54-acre lot
  • – Leased to Walgreen Co. until July 2037 with $326,000 annual rent
  • – Built in 2002 with high visibility at 42,100 VPD
  • – Prime location on S Yale Avenue & E 81st Street

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Offering Highlights

$5,214,358

Total Offering Amount

$2,254,358

Total Equity Amount

$2,960,000

Anticipated Debt

56.77%

LTV

Absolute NNN

Lease Type

$326,000

First Year Rent

13+ Years Remaining

Lease Term

Eleven (11), 5-Year Options

Termination Options

ABOUT TULSA, OK

Tulsa is the second-largest city in Oklahoma and 47th-most populous city in
the United States. It is the principal municipality of the Tulsa Metropolitan
Area, a region with ± 1,015,300 residents. Historically, a robust energy
sector fueled Tulsa’s economy; however, today the city has diversified, and
leading sectors include finance, aviation, telecommunications and
technology. Two institutions of higher education within the city have sports
teams at the NCAA Division I level, Oral Roberts University, and The
University of Tulsa.

 

Today, Tulsa is home to the headquarters of many international oil and gas
related companies, including Williams Companies, ONE Gas, Syntroleum,
ONEOK, Laredo Petroleum, Samson Resources, Helmerich & Payne,
Magellan Midstream Partners, and Excel Energy.

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Tenant Profile

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is an integrated healthcare, pharmacy and retail leader with a 170- year heritage of caring for communities. Walgreens is the largest drug retailer in America, and they also they operate in 8 countries worldwide employing approximately ± 330,000 team members. They operate ± 8,700 stores throughout 50 states as well as Washington D.C, Puerto Rico, and Guam, and an additional ± 3,500 stores internationally. Walgreens proudly serves ± 9,000,000 customers and patients daily. Walgreens products include over the counter medicine and consumer products, pharmacy services, and photo services.


  • 1. Standard & Poors Rated: BBB- (Investment Grade)
  • 2.As of June 2024, Market Cap: $13.73B Billion
  • 3. Trailing 12 Month Revenue: $144.60B
  • 4. 2023 Fiscal Year Annual Revenue: $139.1B
  • 5. 2023 Fiscal Year Gross Profit: $27.1B
  • 6.2023 Fiscal Year Revenue Growth: 4.80%
  • 7. 2024 Number of Stores: ± 12,500