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11982 S Mulberry Ct
Jenks, OK 74037
Office Property For Sale


Investment Highlights
- Recently built-to-suit medical office facility delivered in 2022, minimizing immediate capital expenditure.
- 2% fixed annual rent increases and one five-year renewal option for predictable income growth.
- Located in Jenks, Oklahoma, an affluent and fast-growing suburb within the Tulsa MSA.
- Absolute NNN lease with 6.5 years remaining term and minimal landlord obligations.
- Tenant rental rate significantly below submarket averages, offering embedded upside for investors.
- Surrounded by established healthcare providers, retail amenities, and major transportation routes.
Executive Summary
Presenting a recently constructed, single-tenant medical office property leased to Therapy and Beyond, LLC, a leading provider of applied behavior analysis (ABA) therapy services across multiple states. Delivered as a build-to-suit in 2022, the property comprises 8,400 SF of high-quality construction, designed specifically for medical office use. With 6.5 years remaining on the absolute NNN lease, the tenant bears nearly all operating expenses, providing investors with stable and predictable cash flow.
The lease includes 2% annual rental increases plus one five-year renewal option at fair market value, ensuring steady income growth over time. Current rental rates are below the market average for similar medical office properties in the submarket, presenting an attractive upside for long-term investors. The Jenks market, part of the rapidly expanding Tulsa MSA of over one million residents, offers strong demographics and sustained population growth, further supporting demand stability.
The asset’s location benefits from excellent regional connectivity via U.S. Highway 75 and Creek Turnpike, proximity to major healthcare facilities, and convenient access to retail and employment centers. With a modern design and reduced upkeep requirements, this property represents a compelling opportunity for investors seeking reliable income, growth potential, and minimal landlord responsibilities.
The lease includes 2% annual rental increases plus one five-year renewal option at fair market value, ensuring steady income growth over time. Current rental rates are below the market average for similar medical office properties in the submarket, presenting an attractive upside for long-term investors. The Jenks market, part of the rapidly expanding Tulsa MSA of over one million residents, offers strong demographics and sustained population growth, further supporting demand stability.
The asset’s location benefits from excellent regional connectivity via U.S. Highway 75 and Creek Turnpike, proximity to major healthcare facilities, and convenient access to retail and employment centers. With a modern design and reduced upkeep requirements, this property represents a compelling opportunity for investors seeking reliable income, growth potential, and minimal landlord responsibilities.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,320 SF
Building Class
B
Year Built
2023
Price
$1,903,000
Price Per SF
$228.73
Cap Rate
7%
NOI
$133,172
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,320 SF
Building FAR
0.29
Lot Size
0.66 AC
Zoning
AG
Property Taxes
| Parcel Number | 98236-82-36-50240 | Improvements Assessment | $68,354 |
| Land Assessment | $39,545 | Total Assessment | $107,899 |
Property Taxes
Parcel Number
98236-82-36-50240
Land Assessment
$39,545
Improvements Assessment
$68,354
Total Assessment
$107,899
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