CVS Closing | Tulsa, OK | September 2016
Pharma Property Group Closes Newly Constructed CVS in Tulsa, Oklahoma
Pharma Property Group has announced the closing of the CVS for sale located at 6116 South Lewis Avenue in Tulsa, Oklahoma.Ā Jason Pongsrikul, Managing Principal of PPG, represented the all cash investor who purchased the drugstore closing the transaction within 40 days.
āThis drugstore was a newly constructed CVS with a fresh 25 year lease on an absolute triple net lease.Ā The 25 year lease gives our client long-term stable cash flow and also provides flexibility should the owner have a need to reposition in the future. This particular corner has strong real estate fundamentals with above average traffic counts for the Tulsa market and sits adjacent to the Southern Hills Country Club which has hosted six majors for the PGA Ā tour,ā said Mr. Pongsrikul.
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Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055
