landmark cancer center
TRANSCRIPT
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Overview
LANDMARK CANCER CENTER
7.50%CAP
$1,466,667PRICE
609 VIRGINIA AVE, PONCA CITY, OK 74601
NNN Medical Office lease with corporate guaranty
Strategically located across from Ponca City’s only hospital
Established corporate medical tenant with 21 centers in the U.S.
5 years remaining with two 5-year options to extend
Located on the busiest street in Ponca City – 16,600 VPD
Replaceable real estate in an active medical/retail corridor
LEASABLE SF9,643 SF
LEASE EXPIRATION9/30/2023
LEASE TYPEAbsolute NNN
LAND AREA1.57 Acres
PARKING46 Spaces
YEAR BUILT2017
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Investment Highlights
THE OFFERING provides an opportunity to acquire a Landmark Cancer Center in Ponca City, OK. The subject property was recently leased to an established corporate medical operator. The initial lease term is 5 years, with two options to extend and with rent bumps in the second option term. Landmark Cancer Center strategically chose this location due to its proximity to AllianceHealth Ponca City, the city’s largest medical facility and only hospital. This medical corridor provides strong synergy and a dedicated patient population.
THE PROPERTY is well located on a signalized hard corner. It sits along U.S. Route 77, the busiest thoroughfare in Ponca City with nearly 17,000 vehicles per day (VPD). This trade area is served by a number of essential and daily needs retailers, including Walmart, Walgreens, Hobby Lobby, Tractor Supply, and Hibbett Sports, all of which support the value of this replaceable real estate. Ponca City supports a number of smaller neighboring cities and towns, providing shopping and healthcare resources to the region.
Contact the team
LANDMARK CANCER CENTER HAS 21 LOCATIONS ACROSS THE MIDWEST AND TEXAS
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
JOHN [email protected]: 415.274.2715CA BRE# 01440360
JUSTIN [email protected]: 415.274.7392CA BRE# 01895013
IN CONJUNCTION WITH OK LICENSED BROKER: Mike CropperMaillot Jaune, [email protected]: 918.728.3680
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SURROUNDING RETAIL
77 77
VIRGINIA AVENUE
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77 N 14TH STREET
SCHOOL
SCHOOL
SCHOOL
MIDDLE SCHOOL
MIDDLE SCHOOL
HIGH SCHOOL
KAY COUNTY
CITY OF PONCA
CITY
OF PONCA
CITY
CITY OF PONCA
CITY
ELEMENTARY SCHOOL
ELEMENTARY SCHOOL
ELEMENTARY SCHOOL
ELEMENTARY SCHOOL
ELEMENTARY SCHOOL
ALLIANCE HEALTH
HOSPITAL
PONCA CITY
REGIONAL AIRPORT-PNC
16,600 VPD
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4
E SO
UTH
AV
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4,800 VPD
E SO
UTH
AV
E
OKLAHOMA CITY
(108 MILES)
Zoomed-Out Aerial
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Investment Highlights
77 77 77VIRGINIA AVENUE
KNIG
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AVEN
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N 14TH STREETN 14TH STREET
N 5TH STREET
N 5TH STREET
ALLIANCE HEALTH
HOSPITAL
ELEMENTARY SCHOOL
®
H&R BLOCK
16,600 VPD
OKLAHOMA CITY
(108 MILES)
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 5
Zoomed-In Aerial
Income & Expense
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Income & Expense
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SURROUNDING HEALTHCARE
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PRICE $1,466,667 Price Per Square Foot: $152.10
Capitalization Rate: 7.50%
Total Rentable Area (SF): 9,643
Lot Size (AC): 1.57
STABILIZED INCOME PER SQUARE FOOTScheduled Rent $11.41 $110,000
Effective Gross Income $11.41 $110,000
LESS PER SQUARE FOOTTaxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $110,000
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Rent Roll
8This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
TENANT INFO LEASE TERMS RENT SUMMARY
TENANT NAME SQ. FT. CURRENT RENT
MONTHLY RENT
YEARLYRENT
MONTHLY RENT/FT
YEARLYRENT/FT
Landmark Cancer Center 9,643 10/01/18 09/30/23 $110,000 $9,166.67 $110,000 $0.95 $11.41
Option 1 10/01/23 09/30/28 $9,166.67 $110,000 $0.95 $11.41
Option 2 10/01/28 09/30/33 $10,541.67 $126,500 $1.09 $13.12
TOTALS: 9,643 $110,000 $9,167 $110,000 $0.95 $11.41
BASE RENT
DATE RANGE MONTHLY RENT ANNUAL RENT
10/01/18 - 09/30/23 $9,166.67 $110,000
OPTION RENTSDATE RANGE MONTHLY RENT ANNUAL RENT
#1. 10/01/23 - 09/30/28 $9,166.67 $110,000#2. 10/01/28 - 09/30/33 $10,541.67 $126,500
RENT
TENANT Landmark Cancer Center BUILDING SF 9,643 SFLEASE TYPE Absolute NNNTERM Newfive(5)yearleasewithcorporate guarantyRENT COMMENCEMENT October 1, 2018EXPIRATION September 30, 3023OPTIONS Two 5-year options
TAXESTenant directly responsible for all taxes
CAMTenant directly responsible for all common area maintenance
INSURANCETenant directly responsible for maintaining insurance
UTILITIESTenant is directly responsible for utilities
EXPENSES
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
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Lease Abstract
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E HARTFORD AVENUE
E HARTFORD AVENUE
ALLIANCE HEALTH
HOSPITAL
VIRGIN
IA AVENU
E
VIRGIN
IA
AVENU
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N 1
4TH
STR
EET
N 1
4TH
STR
EET
77
77
WALL PYLON SIGN
16,600 VPD
Site Plan
10This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
46SPACES
9,643RENTABLE SF
1.57ACRES
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Tenant Overview
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Landmark Cancer Center is a medical center that provides radiation oncology services to patients at their various locations throughout the U.S. Landmark Cancer Center has 11 locations across Texas as well as 10 locations in Oklahoma, Arkansas, and Missouri. They operate under a patient-centered approach, delivering comprehensive cancer services with treatment plans tailored to each patient’s needs and diagnosis. Landmark Cancer Center uses advanced technology including 3-D conformal treatment planning, Intensity Modulated Radiation Therapy (IMRT), Image Guided Radiation Therapy (IGRT), VMAT and Stereotactic Radiosurgery (SRS), and state of the art techniques and medications in their comprehensive chemotherapy treatments. Their use of advanced technologies provide patients faster, more efficient treatments and less waiting time.
ABOUT LANDMARK CANCER CENTER
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Tenant Overview
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LOCATIONS IN 4 STATES21
This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
TOP EMPLOYERS
EMPLOYER # OF EMPLOYEES
Ponca City Public Schools 924
Ponca City Public Schools 700
Dorada Foods 500
Alliance Health Ponca City 415
City of Ponca City 415
POPULATION
1-MILE 3-MILES 5-MILES
2018 7,128 25,374 28,311
2018 HH INCOME
1-MILE 3-MILES 5-MILES
Average $61,190 $59,005 $61,197
PONCA CITY
THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS
IS OVER $61K
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Demographics and Traffic
OKLAHOMA CITY(106 MILES)
WICHITA(86 MILES)
TULSA(92 MILES)
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Location OverviewLocation Overview
PONCA CITY, founded in 1876, is a city located in the northern Oklahoma region. Ponca City is strategically located within 1.5 hours of three major metro areas - Oklahoma City, Tulsa, and Wichita. The city was built by oil miners and the city's economy continues to be largely shaped by the petroleum industry. The city's thriving downtown was awarded $1.275 million by the Economic Development Administration (EDA)inmid-2017torenovateandmodernizetheCityCenterbuilding.Ponca City is home to a regional airport, a top-ten nationally ranked hospital, three higher learning centers, golf courses, lakes, trails, and much more. Ponca has free city-wide Wi-Fi, state of the art business infrastructure, business incubators, leading workforce training, low cost of living and low cost of operating a business, all of which facilitates a healthy and growing economy.
THE ECONOMY OF PONCA CITYisspecializedinmining,quarrying, oil, gas extraction and utilities. Future job
growth over the next ten years is predicted to be 34.9%. The city is ideally located for distribution, manufacturing, research and corporate facilities.
PONCA CITY ECONOMY
45,366
PONCA CITY MSA POPULATION (ESTIMATED)
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PONCA CITY, OKLAHOMA
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PHILIPS 66 OIL REFINERY
We’d love to hear from you.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
JOHN [email protected]: 415.274.2715CA BRE# 01440360
JUSTIN [email protected]: 415.274.7392CA BRE# 01895013
IN CONJUNCTION WITH OK LICENSED BROKER: Mike CropperMaillot Jaune, [email protected]: 918.728.3680
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