3711 E Frank Phillips Blvd - Drug Store FOR SALE


Bartlesville, OK 74006
$7,824,601 USD
858-558-5670
3711 E Frank Phillips Blvd, Bartlesville, OK for Sale
$7,824,601 USD
Drug Store - FOR SALE
1/9
null | 5.75% Cap Rate

3711 E Frank Phillips Blvd
Bartlesville, OK 74006


HIGHLIGHTS

  • Corporate-backed absolute NNN lease with zero landlord obligations
  • 14+ years remaining on initial term with rare 10% renewal rent increases
  • Positioned at Bartlesville’s busiest intersection with 35,900+ daily traffic count
  • Adjacent to major retail centers and near Ascension St. John Jane Phillips Medical Center

OVERVIEW

This premier single-tenant investment opportunity features a freestanding CVS Pharmacy with drive-thru, strategically positioned at Bartlesville’s highest-traffic intersection of US-75 and Frank Phillips Boulevard. Built in 2014, the property spans 2.02 acres and benefits from exceptional visibility and ingress/egress along two major corridors with combined traffic counts exceeding 35,900 vehicles daily. The asset is secured by an absolute NNN lease with zero landlord responsibilities, offering a truly passive income stream. CVS Health Corporation, a Fortune 500 leader ranked #6 in 2025, backs the lease corporately. With over $357 billion in annual revenue and a BBB investment-grade rating from Standard & Poor’s, CVS provides unmatched credit strength. The initial 25-year lease commenced in 2014, leaving approximately 14.2 years remaining, complemented by six renewal options featuring rare 10% rent escalations. The property’s location is a magnet for retail and healthcare demand. It sits adjacent to Eastland Shopping Center and in front of the redeveloped Turkey Creek Shopping Center, home to national brands like Dollar Tree, Five Below, and Ollie’s Bargain Outlet. Nearby, Ascension St. John Jane Phillips Medical Center—a Top 100 Hospital—drives consistent traffic, while Bartlesville’s largest employers, Phillips 66 and ConocoPhillips, contract exclusively with CVS Caremark. Limited competition enhances long-term stability, with no other freestanding CVS within a 36-mile radius. This offering combines credit-backed security, strategic positioning, and strong market fundamentals, making it an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$7,824,601 USD

PRICE/SF

$592 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

AA1

APN/PARCEL ID

0023459

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.