Investor Purchases Owasso Walgreens

AJR OKLA LLC has purchased the Walgreen Drug building at 12802 E. 96th St. North from Orchard LLC of Des Moines, Iowa.
The selling price for the 14,820 SF structure was $5,379,391 or $362.98 per/SF. The property appraised for $2,467,800 in 2005.
The Illinois-based Walgreen Co. has a 25-year absolute net lease on the building with options for ten and five years.
The Walgreen Co. is the nation’s largest drugstore chain with fiscal 2006 sales of $47.4 billion. The company operates 5,475 stores in 47 states and Puerto Rico, including 76 Happy Harry’s stores in Delaware and surrounding states. Walgreens also provides additional services to pharmacy patients and prescription drug and medical plans through Walgreens Health Services, its managed care division, which includes Walgreens Health Initiatives, Inc, Walgreens Mail Service, Inc., Walgreens Home Care, Inc. and Walgreens Specialty Pharmacy.

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