4140 Adams Rd Bartlesville, OK 74006-8450

Property Details for 4140 Adams Rd

Year built

2006

Lot size

1.11 lot acres

Property size

13,674 SF

Property type

Commercial real estate

APN

010002-0000GH-000000-07

APU

0100020000GH00000007

Description

This exceptional 13,511 square foot medical office building in Bartlesville, Oklahoma, presents a compelling investment opportunity. The property boasts a 100% occupancy rate with two strong tenants: Tulsa Bone & Joint, a leading orthopedic practice, and Nerve Renewal Neuropathy Clinic, a premier nerve pain treatment center. Both tenants operate under a triple-net (NNN) lease structure, ensuring minimal landlord responsibilities. Tulsa Bone & Joint, the anchor tenant, occupies a significant portion of the building and has recently extended their lease for an additional five years, demonstrating their long-term commitment. Their lease includes 2% annual escalations and two five-year renewal options. Nerve Renewal Neuropathy Clinic has a 10-year lease with 3% annual escalations. The building, constructed in 2007, is situated on a 1.1-acre lot with excellent visibility and accessibility, located directly off Highway 75 and Southeast Washington Blvd, two major thoroughfares in Bartlesville. The property benefits from strong demographics, with a population of 43,084 and an average household income of $88,098 within a five-mile radius. The asking price is $3,500,000, representing a 7.50% cap rate and a price per square foot of $259.05. The Net Operating Income (NOI) is $262,349. Lease options are available

Location Insight

City

Bartlesville

County

Washington

State

Oklahoma

Longitude

-95.9301

Latitude

36.7447

CBSA code

12780

CBSA name

BARTLESVILLE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments