Accelerated Deprec. Benefits No Rent Holiday 6116 S Lewis Ave 12,290 SF Retail Building Tulsa, OK 74136 $7,236,365 CAD ($588.80 CAD/SF) 6.25% Cap Rate

We are pleased to offer for sale the CVS Pharmacy property located at 6116 S Lewis Avenue, Tulsa, OK 74316 (the “Property”). CVS has been successfully operating at this location since 2015 and has over 14 years of firm term remaining before the option periods. The lease is structured as an absolute triple net (NNN) lease, with no landlord responsibilities whatsoever.

The Property benefits from an accelerated depreciation incentive due to it being a Qualified Indian Reservation Property (QIRP), providing investors with a unique tax advantage strategy for a drugstore asset. The site is located less than 2 miles from Oral Roberts University, a four-year institution with over 7,000 students, and supported by a dense, affluent population base of approximately 204,210 residents within five miles, with average household incomes of approximately $94,000.

Directly across the street is Southern Hills Country Club, a nationally recognized private golf course that has hosted 17 major championships, including the 2022 PGA Championship. Additionally, the Property is located less than 0.5 mile from The Villages at Southern Hills, a senior-living and skilled-nursing community, further reinforcing long-term demand drivers for pharmacy services.
Listed in conjunction with Brian Brockman, Bang Realty - Oklahoma Inc, 513-898-1551, wg@bangrealty.com, OK DRE Lic. 177814.