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30107836
30107837

11982 S Mulberry Ct, Jenks, OK 74037

CC
OK OK 171700
Colliers - Tulsa, Oklahoma
CV
OK OK 176918
Colliers - Tulsa, Oklahoma
Listed by Colliers - Tulsa, Oklahoma
$1,903,000
89 days on market
Updated 48 days ago

Therapy & Beyond - NNN ABA Therapy Clinic - Tulsa, OK

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 8,400
Net Rentable (SqFt) 8,400
Cap Rate 7%
NOI $133,172
Occupancy 100%
Tenancy Single
Brand/Tenant Therapy & Beyond
Lease Type NNN
Lease Term 10
Lease Expiration 07/31/2032
Remaining Term 6.2
Rent Bumps Yes
Price per SqFt $227
Broker Co-Op Yes
Year Built 2022
Buildings 1
Stories 1
Acreage 0.660
Investment Type Net Lease
Lease Commencement 08/01/2022
Occupancy Date 08/01/2022

NNN | 2.0% Annual | Below Market Rents

Marketing description

New to Market: This NNN investment opportunity offers a stable income with 2% annual increases and 6.5 years remaining on the lease.

The property boasts a recently constructed (2022) 8,400 SF medical office designed specifically for Therapy and Beyond, a well-established tenant with 10 locations in Texas and Oklahoma. With a current NOI of $133,172 and a rent of $15.85 PSF, this investment provides a solid return.

Highlighted by below market rents for a build to suit product, this property requires minimal capital expenditure in the near future. The tenant's commitment and the property's strategic location make it an attractive addition to any investor's portfolio looking for a hassle-free investment. Don't miss out on this opportunity to acquire a premium healthcare property in a high-demand market for ABA therapy services.

1 in 29 children in Oklahoma, have an Autism diagnosis, more than the average of 1 in 35 children nationwide.

Listing Contacts

CC
OK OK 171700
Colliers - Tulsa, Oklahoma
CV
OK OK 176918
Colliers - Tulsa, Oklahoma
Listed by Colliers - Tulsa, Oklahoma

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$133,172.00
$11,097.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Colin Cornell
License
OK 171700
Name
Christian Vaughan
License
OK 176918
Brokerage Address
6120 South Yale Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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