4140 Adams RdBartlesville, OK 74006

Property Details for 4140 Adams Rd

Year built

2006

Lot size

1.11 AC

Property size (Sq ft)

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

Latitude

36.7447

Longitude

-95.9301

CBSA code

12780

CBSA name

BARTLESVILLE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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