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1071 W Blue Starr Dr
Claremore, OK 74017
700+ Unit Operator | Upstream Rehabilitation · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Long Term Tenant – Tenant has occupied location since the building was constructed in 2010
  • Very Passive NNN Investment – Both Tenant’s cover their proportional share of taxes, insurance, and maintenance
  • Well-Visited Location - Located off one of the busiest streets in Claremore, route 66, a major thoroughfare with over 21,000 plus average daily tra

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
12,277 SF
Building Class
B
Year Built
2011
Building Height
1 Story
Typical Floor Size
12,277 SF
Building FAR
0.18
Lot Size
1.58 AC

ABOUT 1071 W BLUE STARR DR , CLAREMORE, OK 74017

PROPERTY »» Healthcare Real Estate – Healthcare facilities are extremely sought-after investments as they are generally seen as recession and e-commerce proof »» Owner/Operator Sale Leaseback – 5 Year Sale-leaseback with successful physical therapy practice. The current owner developed the property and plans on operating at the location long-term. »» Tenant Investment in Location – Physical Therapy Clinics rarely relocate due to high investment in the property by tenant, high moving costs, and strong local client base LOCATION »» Tulsa MSA – Subject Property is located within the Tulsa Metropolitan area, which is home to over 1,250,000 residents »» Dense Population – Roger’s county has a population of over 91,000 residents and is the 6th largest county in Oklahoma based on population »» Proximity to Target Patients – Property is in the immediate vicinity of 2 local hospitals, 12 schools, 5 retirement homes, and Rogers State University TENANT »» Dominant Physical Therapy Tenant Mix – Property is occupied by Summit Pediatrics, a strong local practice with 4 locations in the area, and Drayer Physical Therapy Institute/Upstream Rehabilitation, one of the largest physical therapy operators in the country with over 650 locations in states across the South and East Coast. »» Tenant Synergy – Summit Pediatrics specializes in children’s pediatrics, while Drayer Physical Therapy serves adult patients, which helps service a wide range of patients »» Growing Sector in Healthcare – Physical Therapy is a $30 Billion industry with a expected job growth of 30% over the next 10 years »» Silver Tsunami – Physical Therapy operators are continuing to expand to serve the country’s aging baby boomer population

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
660008011
Land Assessment
$15,950
Improvements Assessment
$190,217
Total Assessment
$206,167
  • Listing ID: 16072754

  • Date on Market: 5/16/2019

  • Last Updated:

  • Address: 1071 W Blue Starr Dr, Claremore, OK 74017

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