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MEDWISE/BRICKTOWN - BARTLESVILLE, OK 505 SE Washington Blvd 8,379 sq ft 100% Let Retail Property Bartlesville, OK 74006 £3,153,525 (£376.36/sq ft) 7.25% Net Initial Yield
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
Property Size
8,379 sq ft
Costar Property Class
C
Year Built
2021
Price
£3,153,525
Price per sq ft
£376.36
Yield
7.25%
NOI
£228,631
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.17
Total Plot Size
1.15 ac
Use Class
C
Frontage
305 ft on Southeast Washington Boul
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0010823 | Improvements Assessment | £500,784 |
| Land Assessment | £142,732 | Total Assessment | £643,517 |
PROPERTY TAXES
Parcel Number
0010823
Land Assessment
£142,732
Improvements Assessment
£500,784
Total Assessment
£643,517
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MEDWISE/BRICKTOWN - BARTLESVILLE, OK | 505 SE Washington Blvd
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