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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

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)

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,511 SF
Building Class
B
Year Built
2007
Price
$3,420,000
Price Per SF
$253.13
Cap Rate
7.75%
NOI
$265,050
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,511 SF
Building FAR
0.28
Lot Size
1.10 AC
Zoning
AA1
Parking
65 Spaces (4.81 Spaces per 1,000 SF Leased)

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
  • 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
Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
  • Listing ID: 34830339

  • Date on Market: 2/14/2025

  • Last Updated:

  • Address: 4140 SE Adams Rd, Bartlesville, OK 74006

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