MedWise Urgent Care & Bricktown Brewery 505 SE Washington Blvd

505 SE Washington Blvd , Bartlesville, Oklahoma, 74006 | 8,379 sq.f | $ 4,548,000

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About This Restaurant

Investment Highlights

100% Leased to Bricktown Brewery and MedWise Urgent Care, Two Growing Regional Tenants with New Absolute NNN and NNN Leases MedWise Urgent Care is Owned by QuikTrip, a Gas/Convenience Store Chain with 1,000+ Locations 41,369 Residents within a 5-Mile Radius with Average Household Income of $84,993 Bricktown Brewery (21 Unit Chain) ? Healthy Rent to Sales Both Leases Feature Rent Increases Every 5 Years Outparcel to Ollie's Bargain Outlet, Five Below, Dollar Tree, Bealls, and Shoe Dept.

Executive Summary

MedWise Urgent Care operates 14 locations throughout Oklahoma, with plans to expand into Missouri and Kansas. MedWise Urgent Care is owned by QuikTrip, a gas station and convenience store chain headquartered in Tulsa, Oklahoma with more than 1,000 stores in 17 states.Bricktown Brewery is a traditional American brew-pub, offering award-winning local beers and a full menu of shareables, burgers, sandwiches, pizzas, and sweets all prepared to the highest standard.Bartlesville is located in Oklahoma's Washington and Osage Counties, roughly 47 miles north of Tulsa and 18 miles south of the Oklahoma/Kansas border. With a balanced mixture of natural resources and abundant space, Bartlesville has grown to be the home of more than 36,000 people.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant Office Medical Restaurant
  • Building Size    8,379
  • Building Class    C
  • Year Built    2021
  • Price    4,548,000
  • Price Per SF    543
  • Cap Rate    6.75
  • NOI    306,959
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.17
  • Land Acres    1.15 AC

Nearby Amenities & Transportation

Retail Mazzio's
Retail Scooter's Coffee
Retail Planet Fitness
Retail BOK Financial
Retail Starbucks
Retail Goldie's Patio Grill
Retail Monterey's Little Mexico
Retail Montana Mikes
Retail Arvest Bank
Retail Panda Express

Property Taxes

Parcel Number 0010823 Improvements Assessment $183,092
Land Assessment $717,065 Total Assessment $900,157
Date Created: 2024-07-16 04:18:07 Last Updated: 2024-07-16 04:18:07
Address: 505 SE Washington Blvd , Bartlesville, Oklahoma, 74006