115 West 3rd Street, Elk City, Oklahoma, USA
$6,196,078 5.10% Cap 14,550 sq ft Built 2005 Actual Site Photo Print This Page


115 West 3rd Street, Elk City, Oklahoma, USA

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

Absolute NNN LeaseCorporate GuaranteeInvestment Grade CreditLocated on a Major Commercial ThoroughfareSurrounded by Major RetailersZero Landlord Obligations

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.

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