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Medwise/Bricktown Bartlesville, Ok

$4,290,000

505 Southeast Washington Boulevard, Bartlesville, OK 74006

Active
Last Updated: 07/09/2025

7.15

Cap Rate

306,959

NOI

Details:
Cap Rate:    7.15%
NOI:    $306,959
Building Size:    8,379 sqft
Lot Area:    1.15 sqft
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2021
Zoning:    C
Tenancy:    Single
Highlights:
  • 100% OCCUPIED | STRONG SALES PERFORMANCE: Newly constructed 100% occupied two-tenant retail center anchored by highly successful Bricktown Brewery (attractive 7.87% Rent to Sales Ratio) and MedWise Urgent Care (Quiktrip Guarantee)
  • LONG TERM CORPORATE LEASES: Bricktown Brewery (successful 21-unit chain) will sign a brand new 15-year Absolute NNN Lease with 8% rental escalations every 5 years at the Close of Escrow. MedWise Urgent Care is wholly owned and further guaranteed by QuikTrip and comes with attractive 10% rental escalations every 5 years!
  • 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, just off the hard southwest corner of SE Washington Blvd/US-75 and Frank Phillips Blvd with traffic counts of 33,074 CPD!
  • 2025 DEMOGRAPHICS: Total Population (5MI): 43,958 | Average Household Income (1MI): $90,920
Description:

MedWise | Bricktown is a Newly constructed 100% occupied two-tenant retail center anchored by highly successful Bricktown Brewery (attractive 7.87% Rent to Sales Ratio) and MedWise Urgent Care (Quiktrip Guarantee). Bricktown Brewery (successful 21-unit chain) will sign a brand new 15-year Absolute NNN Lease with 8% rental escalations every 5 years at the Close of Escrow. MedWise Urgent Care is wholly owned and further guaranteed by QuikTrip and comes with attractive 10% rental escalations every 5 years!
The Asset is Pad site to an Ollie’s Bargain Outlet, Five Below & Dollar Tree Shopping Center - positioned on a large ±1.15-acre parcel, just off the hard southwest corner of SE Washington Blvd/US-75 and Frank Phillips Blvd with traffic counts of 33,074 CPD! It is Pad site to an Ollie’s Bargain Outlet, Five Below & Dollar Tree Shopping Center; nearby retailers include Walmart, Lowe’s, Hobby Lobby, Staples, Atwoods, T.J. Maxx, Ross Dress for Less, Dunham’s Sports, Maurices, Dillard’s Clearance Center, Rack Room Shoes, Ulta Beauty, Sally Beauty, Aldi, Homeland Grocery, United Supermarkets, Petco, Dollar General, GNC, Tractor Supply Co, Harbor Freight Tools, ABC Supply Co, Goodwill, O’Reilly Auto Parts, Walgreens, and Regal Cinemas Planet Fitness. It is 7 minutes (3.5 miles) to Oklahoma Wesleyan University - a private university offering over 30 undergraduate & 6 graduate degree programs with serving 848 students; Adjacent to Ascension St. John Jane Phillips Medical Center - a 133-bed facility offering 24/7 emergency care, general medicine, surgery, maternal & infant care, and cancer treatment.

Map:
Documents:
Title
medwise.bartlesville_PKG.pdf
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Location
Gallery