offering memorandum walgreens - vereit...going beyond the information contained herein was obtained...
TRANSCRIPT
WalgreensOffering Memorandum
1905 S Muskogee Ave | Tahlequah, OK 74464
Representative Photo
Tenant: Walgreen Co
Guarantor: Corporate
Address: 1905 S Muskogee Ave, Tahlequah, OK 74464
Year Built: 2008
Building Size (SF): 14,406
Land Area (AC): 1.45
Building Use: Retail
Term: 25 years
Lease Term Remaining: +/- 13.50 years
Lease Commencement: 5/19/2008
Lease Expiration: 5/31/2033
NOI: $329,000
Percentage Rent: 2.0% of Gross Sales plus 0.5% of Gross Sales of food items and prescription items in excess of fixed rent
Rent Increases: Flat
Renewal Options: 50, 1-year options
Termination Option:
Tenant has the right to terminate lease as of the last day of the three hundredth (300) full calendar month of the Term, or effective as of the last day of any month thereafter.
Expenses: Absolute NNN
Taxes: Tenant pays pro-rata share
CAM: Tenant pays pro-rata share
Insurance: Tenant pays pro-rata share
Parking: Included in CAM
HVAC: Tenant
Roof: Tenant
Structure: Tenant
Lease Term
Lease Years
Dates Rent
Start End Annual Monthly PSFPrimary
Term 1-25 5/8/2008 5/31/2033 $329,000 $27,417 $22.84
Options* 26-75 6/1/2033 5/31/2083 $329,000 $27,417 $22.84
Lease Abstract Rent Schedule
Representative Photo
*There are fifty (50), one (1) year options
Walgreens • Tahlequah, OK 4
N
Tahlequah High School
(± 1,206 Students)
Tahlequah Middle School
(± 623 Students)
Northeastern State University
7K+ Students
• Economy Auto Rental• Grapevine Consignment• Unique Vintique Market• Spider Gallery• Cherokee National Museum• Oasis Health Foods• Meigs Jewelry• A to Z Pawns• Club Effx• Highlander Center• Love’s Country Store• Vidalias
TahlequahMuni-Airport
GO YE VILLAGE
CALMING CONNECTIONS
CHEROKEE ELDER CARE
US
-62
(15
,84
8 V
PD
)
S MUSKOGEE AVE (18,735 VPD)
TPWA LIGHT PLAN
Cherokee Elementary School (± 339 Students)
Cherokee Nation WW Hastings Hospital ± 60 Beds and 240 Exam Rooms2.4 miles from Subject Property
Cherokee Casino1.4 miles from Subject Property
going beyond
The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.
Stan Johnson Company6120 South Yale Avenue | Suite 300Tulsa, Oklahoma 74136 P: 918.494.2690
stanjohnsonco.com
Ryan ButlerManaging [email protected] OK Lic. #145949
Brad MoulderSenior [email protected]
Anne [email protected]
Zach [email protected]
Brandon [email protected]