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)