Former Walgreens | Hard Corner | 1.66 AC

Highlights:

• Single-Tenant Freestanding Former Walgreens Building in Tulsa, OK
• Prime Redevelopment Opportunity | Over-sized 1.66 Acre Lot with 15,005 Sq. Ft Building
• Signalized Hard Corner With Excellent Frontage & Visibility, Exposed to 22,000+ VPD
• Equipped with Drive-Thru & Ample Parking (86 Surface Spaces)
• Tulsa, OK is Ranked #54 Largest MSA in the USA
• Robust Population Growth - Projected +5.5% Increase in Population Projected in the Next 5 Years Within 3 Mile Radius of Site

Description:

Ri Marketplace Online Auction March 23-25, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3054/former-walgreens-hard-corner-1.66-ac?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3054

Elevate Net Lease is pleased to present the opportunity to acquire a vacant, single-tenant, freestanding retail building located at 4561 N Peoria Avenue in Tulsa, Oklahoma (the “Property”). Formerly occupied by Walgreens, the Property is offered for sale as a compelling value-add and redevelopment opportunity, well suited for a wide range of retail, medical, service, or quick-service restaurant users. Constructed in 2000, the Property consists of a ±15,005-square-foot, single-story building situated on an oversized ±1.66-acre parcel, providing substantial excess land and flexible site functionality.

The Property is positioned on a signalized hard corner with excellent frontage and visibility and is exposed to more than ±22,000 vehicles per day. The site benefits from multiple points of ingress and egress, a drive-thru lane, and approximately 86 surface parking spaces, making it ideally configured for high-traffic retail or service-oriented uses. The combination of strong corner exposure, efficient site circulation, and surplus land area supports both re-tenanting and potential redevelopment scenarios.

Located within the Tulsa, Oklahoma MSA, the Property is approximately seven miles from Tulsa International Airport, offering convenient regional accessibility. The surrounding trade area demonstrates steady growth trends, with population projected to increase by approximately +5.5% within a three-mile radius over the next five years. Within a five-mile radius, the Property serves a population of more than ±86,700 residents, supported by over ±32,600 households, underscoring a stable and expanding consumer base for retail and service demand.

With its freestanding configuration, drive-thru capability, strong traffic exposure, and oversized land parcel, the Former Walgreens at 4561 N Peoria Avenue represents a compelling opportunity for investors, developers, and owner-users to acquire a highly functional retail asset at an attractive basis in a growing Tulsa submarket.


The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: