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Orthopedic Clinic 4140 SE Adams Rd
13,511 SF 100% Leased Office Building Bartlesville, OK 74006 $3,420,000 ($253.13/SF) 7.75% Cap Rate



INVESTMENT HIGHLIGHTS
- NNN Lease Structure with Annual Rent Increases - Passive Investment
- Strong Demand for Ortho Services and Nerve Therapy in Market
- Below Market Rents in a Low-Vacancy Market
- Tenant Operational Strength - #1 Ranked Orthopedic Surgeon in Market & Only Neuropathy Clinic in Bartlesville
- Recently Extended Lease Term
- Located Directly Off US-75 with 21K VPD
EXECUTIVE SUMMARY
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)
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Nerve Renewal Neuropathy Clinic
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Tulsa Bone & Joint Associates offers multiple locations to serve you in Tulsa, Bartlesville, Owasso, and Sand Springs, Oklahoma. They provide comprehensive sports medicine and orthopedic care for a broad range of conditions. For your convenience, they offer a state-of-the-art outpatient surgery center in Tulsa and additional physical therapy locations in Tulsa, Bartlesville, midtown Tulsa, and Owasso.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Nerve Renewal Neuropathy Clinic | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
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Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Orthopedic Clinic | 4140 SE Adams Rd
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