Tulsa Bone & Joint 4140 SE Adams Rd

Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 2-tenant healthcare property located in Bartlesville, Oklahoma (Tulsa MSA). The property is comprised of 2 tenants: Tulsa Bone & Joint and Nerve Renewal Neuropathy Clinic. Tulsa Bone & Joint is the anchor tenant and the largest group of orthopedic specialists in the Tulsa area. Tulsa Bone & Joint has been a regional leader in Tulsa for over 23 years with over 5 locations currently in operation and 1 additional location scheduled to open later this year. Tulsa Bone & Joint is a leading Orthopedic practice in Bartlesville as they are one of two practices in the market offering orthopedic surgery. Nerve Renewal Neuropathy Clinic is a premier neuropathy clinic that offers innovative, non-invasive and non-addictive nerve pain treatments across Oklahoma. Nerve Renewal is the only practice in Bartlesville that solely focuses on nerve pain treatments.
Both tenants are subject to a NNN lease structure with attractive annual rental increases. Tulsa Bone & Joint has 5 years of term remaining with 2% annual escalations along with 2, 5yr renewal options. Nerve Renewal just moved into the facility and signed a 10-year lease with 3% annual escalations over the life of the term. Tulsa Bone & Joint has recently extended their lease term for an additional 5 years, proving their commitment to this space.
The property is advantageously located directly off Highway 75 and Southeast Washington Blvd, two of the most heavily traveled roads in Bartlesville, providing extremely easy access and superior visibility. Traffic counts are exceptional with over 21,000 VPD traveling these two roads. The property is located just north
of Tulsa, the second largest city in Oklahoma. The surrounding area has strong demographics with a population of 43,084 and an average household income of $88,098 within a 5-mile radius of the property.