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MEDWISE/BRICKTOWN - BARTLESVILLE, OK 505 SE Washington Blvd 8,379 SF 100% Leased Retail Building Bartlesville, OK 74006 $4,234,000 ($505.31/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED | STRONG SALES PERFORMANCE: Newly constructed 100% occupied two-tenant retail center anchored by highly successful Bricktown Brewery
- LONG TERM CORPORATE LEASES: Bricktown Brewery (successful 21-unit chain) will sign a brand new 15-year NNN Lease
- PAD SITE | TRAFFIC COUNTS: Pad site to an Ollie’s Bargain Outlet, Five Below & Dollar Tree Shopping Center - positioned on a large ±1.15-acre parcel
- (Attractive 7.87% Rent to Sales Ratio) and MedWise Urgent Care (Quiktrip Guarantee)
- 8% rental escalations every 5 years at the Close of Escrow. MedWise Urgent Care is wholly owned and further guaranteed by QuikTrip
- 2025 DEMOGRAPHICS: Total Population (5MI): 43,958 | Average Household Income (1MI): $90,920
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,379 SF
Building Class
C
Year Built
2021
Price
$4,234,000
Price Per SF
$505.31
Cap Rate
7.25%
NOI
$306,965
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.15 AC
Zoning
C
Frontage
305’ on Southeast Washington Boul
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0010823 | Improvements Assessment | $672,365 |
| Land Assessment | $191,636 | Total Assessment | $864,001 |
PROPERTY TAXES
Parcel Number
0010823
Land Assessment
$191,636
Improvements Assessment
$672,365
Total Assessment
$864,001
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MEDWISE/BRICKTOWN - BARTLESVILLE, OK | 505 SE Washington Blvd
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