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33345615
33345612

5300 SE 29TH ST, OKLAHOMA CITY, OK 73115

BB
TX 701324
Matthews
NK
TX 800771
Matthews
Listed by Matthews
$2,022,735
5 days on market
Updated 5 days ago

Access Medical Center I +137,504 Residents I Oklahoma City

Details
APN R211271020
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 3,615
Units 1
Cap Rate 7.90%
NOI $159,897
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+30)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2014
Stories 1
Lot Size (SqFt) 27,069
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2015
Ground Lease No

Corp Guarantee | Absolute NNN Lease | 2% Annual Increases | Adjacent to Tinker Air Force Base

Marketing description

Exclusive opportunity to acquire a corporately guaranteed Access Medical Center strategically positioned within the Oklahoma City MSA, adjacent to Tinker Air Force Base, one of Oklahoma's largest employment centers and a critical long-term economic driver for the region.

The property is leased to Access Medical Center, a leading urgent care provider operating within the INTEGRIS Health Network, Oklahoma's largest healthcare system. The combination of a corporate guarantee, healthcare tenancy, and mission-critical outpatient use creates a durable investment profile supported by recurring healthcare demand and limited exposure to e-commerce disruption.

Located along a primary commercial corridor, the asset benefits from immediate access to Interstate 40 and Interstate 35, providing convenient regional connectivity throughout the Oklahoma City metropolitan area. The surrounding trade area is anchored by nationally recognized retailers including Walmart Supercenter, Sam's Club, Walgreens, McDonald's, Burger King, Arby's, Dairy Queen, and Advance Auto Parts, supporting consistent consumer traffic and long-term commercial viability.

The property serves a population base exceeding 480,000 residents within a 10-mile radius and is positioned within a dense residential and employment corridor driven by Tinker Air Force Base's workforce of more than 26,000 military and civilian personnel. The installation generates an estimated $7.5 billion annual economic impact and serves as a significant stabilizing force for the local economy.

As healthcare delivery continues to shift toward lower-cost outpatient settings, urgent care facilities remain an increasingly important component of the healthcare ecosystem. This offering presents investors with the opportunity to acquire a strategically located healthcare asset backed by an established operator, strong regional demographics, and one of the most significant employment anchors in the state of Oklahoma.

Investment highlights

Location & Lease:

• STRATEGIC LOCATION - Located near Sam’s Club and Walmart Supercenter.

• STRONG ACCESS & VISIBILITY - Prominent frontage on 29th St (21,500 VPD) and near I-40 (58,800 VPD)

• STRONG DEMOGRAPHICS - 60,856+ residents live within a 3-mile radius and 137,504+ residents within a 5-miles radius

• STRONG POPULATION GROWTH RATE - The population growth rate within a 1-mile radius is estimated to be 6.8%.

• MILITARY HUB - Located 2.5 miles from Tinker Air Force Base which has a $7.5 billion impact on the community.

• STRONG HEALTHCARE SYNERGY - Located within 7 miles to Mercy Hospital Oklahoma City, SSM Health St. Anthony

Hospital, Midwest Regional Medical Center, and Oklahoma Children’s Hospital providing access to affordable and quick care.

• HIGHER EDUCATION - The community has access to Oklahoma City University, University of Oklahoma, Rose State College, and more.

• OKLAHOMA CITY MSA - The city is seeing rapid economic growth with a metro product of $76.8 Billion according to Forbes.

• NEARBY NATIONAL TENANTS - Sam’s Club, Walmart Supercenter, Walmart Neighborhood Market, Lowes, Best Buy, Kohls, PetSmart, ULTA, Walgreens, 7-Eleven, Cash Saver Grocery Store, Family Dollar, McDonald’s, Papa Johns, Arby’s, and many more.

• LEASE TERM REMAINING - 4 years remain on the initial 15-year lease.

• ZERO LANDLORD RESPONSIBILITIES - The lease features an absolute NNN lease with zero landlord responsibilities and no TIA.

• ANNUAL INCREASES - The lease features 2% annual increases.

• STRONG FOOT TRAFFIC - Ranked #4 out of the Access Medical Centers in OK in terms of Foot Traffic

Tenant Highlights:

• CORPORATE GUARANTEE - Top rated urgent care with over 170 locations.

• STRONG PATIENT REVIEW - This practice received 4.5 stars out of 5 stars with over 1,352 reviews.

• INTEGRIS HEALTH NETWORK - Participant in the INTEGRIS Health Network, the largest health care system in Oklahoma and which provides the practice with additional business support.

• HOURS OF OPERATION - This site is open daily from 8:00 AM to 8:00 PM due to high demand

Listing Contacts

BB
TX 701324
Matthews
NK
TX 800771
Matthews
Listed by Matthews

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$159,897.00
$13,324.75/mo

Valuation Metrics

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DSCR
7.9%
Cap Rate
7.9%
ROI

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