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1425 E Lincoln Rd
Idabel, OK 74745

McCurtain Memorial Medical Complex · Office Property For Sale

Executive Summary

RECESSION-RESISTANT ASSET Medical office buildings are well-positioned to weather recessions due to sustained demand for healthcare and an aging population. By 2030, there will be 78 million people 65 years and older compared to 76.7 million under the age of 18 (U.S. Census Bureau). ESSENTIAL BUSINESS/OFFICE According to the U.S. government and the State of Oklahoma, physicians, laboratory personnel, distributors of medical equipment, and other medical offices have been deemed essential and have not closed their businesses during the current pandemic. DIVERSIFIED TENANT MIX This investment provides a diversified income stream among +/- 4 tenants. Each of the +/- 4 tenants operate in the medical services industry and have a long-standing operating history. PROXIMITY TO MCCURTAIN MEMORIAL HOSPITAL This medical office location is positioned directly adjacent to McCurtain Memorial Hospital. As a result of this, there are many complementary tenants nearby such as a family clinic, a physical therapy office, and the McCurtain County Health Department. COMMITMENT TO THE FACILITY Ultimate Home Care Services (A4-5) and Ultimate Healthcare Equipment (A2) have recently exercised a 3 year extension to the lease, demonstrating their commitment to the facility. RECENT BUILDING IMPROVEMENTS Within the last +/- 12 months, there have been significant upgrades to the building including 3 new HVAC units, tenant interior upgrades, and other building systems. POTENTIAL VALUE-ADD The buyer of this property will potentially be able to raise rents as the most executed lease has a higher RPSF than the other leases that were signed in 2017. PROXIMITY TO MYEYEDR. IDABEL OFFICE Suite A-1 is occupied by the MyEyeDr. Idabel Office, which is a busy eye care center. The MyEyeDr. Idabel Suite A-1 is also listed for sale with B+E Net Lease. In Association with Jordan James 139688

PROPERTY FACTS

Property Type Office
Property Subtype Medical
Building Class B
Lot Size 1.82 AC
Rentable Building Area 10,000 SF
No. Stories 1
Year Built/Renovated 1989/2018
Parking Ratio 14/1,000 SF
APN / Parcel ID 1399-05-08S-24E-4-013-00
  • Listing ID: 20217347

  • Date on Market: 7/9/2020

  • Last Updated:

  • Address: 1425 E Lincoln Rd, Idabel, OK 74745

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