4140 SE Adams Rd - Medical FOR SALE


Bartlesville, OK 74006
$3,420,000 USD
918-269-6093
4140 SE Adams Rd, Bartlesville, OK for Sale
$3,420,000 USD
Medical - FOR SALE
1/3
null | 7.75% Cap Rate

4140 SE Adams Rd
Bartlesville, OK 74006


HIGHLIGHTS

  • NNN Lease Structure with Annual Rent Increases - Passive Investment
  • Tenant Operational Strength - #1 Ranked Orthopedic Surgeon in Market & Only Neuropathy Clinic in Bartlesville
  • Strong Demand for Ortho Services and Nerve Therapy in Market
  • Recently Extended Lease Term
  • Below Market Rents in a Low-Vacancy Market
  • Located Directly Off US-75 with 21K VPD

OVERVIEW

NNN LEASE STRUCTURE — Minimal Landlord responsibilities TENANT OPERATIONAL STRENGTH — Tulsa Bone & Joint, the anchor tenant, has been a regional leader in the Tulsa area for over 23 years ATTRACTIVE RENTAL INCREASES — Tulsa Bone & Joint lease features 2% annual rental escalations; Nerve Renewal Neuropathy features 3% annual rental increases TOP RANKED ORTHOPEDIC SURGEON — Leading Orthopedic Surgeon in the market ranked #1 in Procedure Volume and Procedure Revenue (Source: Pivotal Analytics) IMPLIED DOCTOR GAP — Strong need for more orthopedic physicians in the market with a current gap of 2.6. (Source: Pivotal Analytics) STICKY LOCATION — Tulsa Bone & Joint recently extended the term of their lease for an additional 5 years and is one of two practices in the market offering Orthopedic Surgery; Nerve Renewal Neuropathy Clinic is the only practice in the market offering non-invasive neuropathy services BELOW MARKET RENTS — Current rental rate below the submarket as well as national market rents for comparable medical clinics. LOW VACANCY MARKET — Vacancy rate of 0.2% for medical office buildings in Bartlesville, significantly below the national average VISIBILITY & ACCESS — Located directly off Highway 75 and Southeast Washington Blvd, two of the most heavily traveled roads in Bartlesville (21,000 VPD)

FOR SALE DETAILS

PRICE

$3,420,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orthopedic Clinic

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

AA1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeff MatulisNorthmarqMore Info
918-269-6093

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Jeff MatulisNorthmarqMore Info
918-269-6093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.