Healthcare    

UTICA PARK CLINIC

 Muskogee, Oklahoma

Asking Price

$2,045,000

Cap Rate

6.50%

For more details on this exclusive listing

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Building Size

7,076 SF

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Land (Acres)

0.78 AC

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Occupancy

100% Medical

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Lease Structure

NNN

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Avg HH Income

$60,301 (5-mile)

INVESTMENT HIGHLIGHTS

  • LONG-TERM NNN LEASE - Utica Park Clinic is operating under its initial, 10-year lease, with 9 years and 3 months of lease term remaining. The lease is NNN, with limited Landlord responsibilities, and has one (1) ten (10) year option to renew. The lease also features 2.00% annual bumps throughout the base offering investors a significant hedge against inflation.
  • PREMIER ACCESS & VISIBILITY - The Property is strategically positioned near the junction of two major roads - S 32nd St. (20,985 VPD) & W Okmulgee Ave (8,187 VPD). These heavily trafficked systems provide the Property with outstanding visibility to a combined 29,082 VPD and offer efficient access to the surrounding area.
  • BEST-IN-CLASS TENANT & CORPORATE GUARANTEE - Utica Park Clinic is a service of Hillcrest HealthCare System who has guaranteed the lease. Hillcrest HealthCare System operates six hospitals having 1,235 beds across all six and Utica Park Clinic which has 70 locations across Oklahoma.
  • DENSE MEDICAL CORRIDOR - The Property is in the heart of one of the densest medical corridors of Muskogee, situated less than a mile from Saint Francis Hospital Muskogee (320 beds), Cornerstone Hospital Muskogee (64 beds), and other surrounding medical practices.

Exclusively Listed By

Toby Scrivner

Senior Vice President
  tscrivner@northmarq.com      918.794.9554
Oklahoma Lic #149065

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com      918.794.9525
Oklahoma Lic #148554

Christian Vaughan

Vice President
  cvaughan@northmarq.com      918.794.9544

Northmarq

6120 South Yale Ave | Suite 300
Tulsa, Oklahoma 74136


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