Pharma Property Group Facilitates Sale of Walgreens in Oklahoma City MSA

Pharma Property Group (PPG) is pleased to announce the successful sale of an absolute triple net leased (NNN) Walgreens located at 116 North Green Avenue in Purcell, Oklahoma. This 14,820 square foot building leased to Walgreens is situated at the signalized intersection of West Washington Street and Green Avenue—the primary commercial corridor in Purcell.

Pharma Property Group represented both the buyer and the seller in this transaction.

“This deal highlights the effectiveness of our network and targeted marketing platform,” said Chris Barry, Partner at Pharma Property Group. “We identified a buyer seeking a long-term, hands-off investment and guided them through a seamless acquisition process.”

This sale exemplifies the strong appetite for stable, long-term leased retail properties in growth markets. The surrounding area has experienced over 10% population growth in the last four years, with continued upward trends projected.

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Pharma Property Group (PPG) is a premier commercial real estate firm specializing exclusively in properties leased to national drugstore chains including Walgreens, CVS, and Rite Aid. With a proven track record of success, evidenced by over $2.5 billion in closed transactions and over $5 billion in drugstores underwritten, PPG offers landlords unparalleled market intelligence and access to the industry’s most extensive network of drugstore property owners. Our unique and comprehensive marketing platform ensures access to the largest pool of drugstore buyers and sellers in the nation.

Jason Pongsrikul, Managing Principal

Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
www.pharmapropertygroup.com
Office: (858) 860-6591