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Restaurant

Tropical Smoothie Cafe | Outside Tulsa | 15 Year Absolute NNN Lease | Across Medical Center

3315 E Frank Phillips Boulevard, Bartlesville (Outside Tulsa), OK 74006

Listing Price: $2,173,913

Cap Rate
5.75%
Tenant Name
Tropical Smoothie
Years Remaining On Lease
15.2
Gross SF
1,680
Guarantor
Corporate Guarantee
Rentable SF
1,680
Price/Gross SF
$1,294.00
Lease Type
Absolute Net
Rent Per Square Feet
$74.40

Investment Overview

Bartlesville is a city mostly in Washington County in the U.S. state of Oklahoma. The population was 37,290 at the 2020 census. Bartlesville is 47 miles north of Tulsa and 18 miles south of the Kansas border. It is the county seat of Washington County. The Caney River runs through Bartlesville. Bartlesville is the primary city of the Bartlesville Micropolitan area, which consists of Washington County and had a population of 51,843 in 2018. A small portion of the city is in Osage County. The city is also part of the Tulsa Combined Statistical Area, with a population of 1,151,172 in 2015. Bartlesville is notable as the longtime home of Phillips Petroleum Company. The company merged with Conoco as ConocoPhillips and later split into the two independent companies, Phillips 66 and ConocoPhillips. Before its merger with Conoco, Phillips Petroleum Company had its headquarters in Bartlesville. After ConocoPhillips formed, the combined company established a global systems and services office in Bartlesville. ConocoPhillips spun most of its operations not related to exploration and production to form a new company, Phillips 66, in 2012. The two companies combined employ or contract with more than 3,800 people in the area. Chevron Phillips also has an office here.

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles.
  • Directly Across from Ascension St. John Jane Phillips - a 144-Bed General Medical and Surgical Facility serving Bartlett and other Surrounding Communities.
  • Near Numerous National Retailers including Walmart Supercenter, CVS Pharmacy, Walgreens, Big Lots, Lowe's, TJ Maxx, Harbor Freight Tools, Ross and many more.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Restaurant

Tropical Smoothie Cafe | Outside Tulsa | 15 Year Absolute NNN Lease | Across Medical Center

Listing Price: $2,173,913

Cap Rate
5.75%
Tenant Name
Tropical Smoothie
Years Remaining On Lease
15.2
Gross SF
1,680
Guarantor
Corporate Guarantee
Rentable SF
1,680
Price/Gross SF
$1,294.00
Lease Type
Absolute Net
Rent Per Square Feet
$74.40

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 12k Vehicles.
  • Directly Across from Ascension St. John Jane Phillips - a 144-Bed General Medical and Surgical Facility serving Bartlett and other Surrounding Communities.
  • Near Numerous National Retailers including Walmart Supercenter, CVS Pharmacy, Walgreens, Big Lots, Lowe's, TJ Maxx, Harbor Freight Tools, Ross and many more.

Investment Overview

Bartlesville is a city mostly in Washington County in the U.S. state of Oklahoma. The population was 37,290 at the 2020 census. Bartlesville is 47 miles north of Tulsa and 18 miles south of the Kansas border. It is the county seat of Washington County. The Caney River runs through Bartlesville. Bartlesville is the primary city of the Bartlesville Micropolitan area, which consists of Washington County and had a population of 51,843 in 2018. A small portion of the city is in Osage County. The city is also part of the Tulsa Combined Statistical Area, with a population of 1,151,172 in 2015. Bartlesville is notable as the longtime home of Phillips Petroleum Company. The company merged with Conoco as ConocoPhillips and later split into the two independent companies, Phillips 66 and ConocoPhillips. Before its merger with Conoco, Phillips Petroleum Company had its headquarters in Bartlesville. After ConocoPhillips formed, the combined company established a global systems and services office in Bartlesville. ConocoPhillips spun most of its operations not related to exploration and production to form a new company, Phillips 66, in 2012. The two companies combined employ or contract with more than 3,800 people in the area. Chevron Phillips also has an office here.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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