3711 Frank Phillips Blvd Bartlesville, OK 74006

This exceptional investment opportunity presents a fee-simple 13,225-square-foot CVS Pharmacy in Bartlesville, Oklahoma. Located at the highest traffic intersection in Bartlesville, at the signalized corner of US-75 (Washington Blvd) and Frank Phillips Blvd (combined daily traffic exceeding 35,900 vehicles), this property boasts unparalleled visibility and accessibility. The property sits on a 2.02-acre lot and was built in 2014. The CVS Pharmacy benefits from a 25.5-year absolute NNN lease with approximately 15.2 years remaining, providing zero landlord responsibilities. The lease features attractive 10% rent increases between each five-year renewal option, ensuring consistent income growth. The tenant, CVS Health Corporation, holds a BBB investment-grade rating from Standard & Poor's, boasting over $357 billion in annual revenue. This prime location is adjacent to Ascension St. John Jane Phillips Medical Center, Bartlesville's largest hospital, and the redeveloped Turkey Creek Shopping Center, further enhancing its desirability. The property's strategic placement within a densely populated area (over 33,349 residents within a three-mile radius) and its proximity to major employers like Phillips 66 and ConocoPhillips, who contract exclusively with CVS Caremark, solidify its long-term value. The asking price is $8,180,265, representing a 5.50% cap rate and a $618.55 price per square foot. The current Net Operating Income (NOI) is $449,914. This is a rare opportunity to acquire a high-performing, investment-grade retail property with significant long-term growth potential. The property is conveniently located near other major retailers, including Hobby Lobby, Planet Fitness, and Big Lots. Limited competition within a 36-mile radius further strengthens this investment.