nutex - tulsa er & hospital - embree group of …...lease expiration lease term lease type...
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N U T E X - T U L S A E R & H O S P I T A L
Conf iden t ia l O f fe r i ng Memorandum
Actual Location
N U T E X - E R & H O S P I T A L | T U L S A , O K
Exclusive Offering Listed By
Submit OffersP u r c h a s e P r i c e
Submit OffersC A P R a t e
$1,066,344A n n u a l R e n t
A b s o l u t e N N N L e a s e T y p e
Klinton Lewis
Brokerage Associate
+1.512.819.4729
Josiah Byrnes
Executive Vice President
Disclaimer and Confidentiality Statement
The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from the EmbreeGroup of Companies (Embree Group) and should not be made available to any other person or entity without the written consent of the EmbreeGroup (the Embree Group collectively refers to Embree Capital Markets Group, Inc., Embree Asset Group, Inc., Embree Healthcare Group, Inc., andEmbree Construction Group, Inc.). This brochure has been prepared to provide summary information to prospective investors and to establish apreliminary level of interest in establishing an investment relationship with the Embree Group, which may or may not include the sale or purchase ofany specific property referenced herein. Several Embree Group employees are licensed real estate agents and brokers in various states.
The information contained herein is not a substitute for a thorough due diligence investigation. The Embree Group has supplied information in thisbrochure from sources we believe are reliable; however, all potential Buyers and Investors must take appropriate measures to investigate and verifythe income and expenses for any specific property, the future projected financial performance of any specific property, the size and square footageof any specific property and its improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with Stateand Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or anytenant’s plans or intentions to continue its occupancy of any specific property.
The Embree Group reserves the right to withdraw this solicitation at any time without prior notice. The information contained herein is based uponsources deemed to be reliable, but the accuracy of the information is not guaranteed, nor should the information contained herein be considered allinclusive. Statements contained herein which involve matters of opinion, whether or not identified to be that only, are not representations of fact.The price and terms of this offering may be subject to change at any time.
The Embree Group is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. Thepresence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporationof the Embree Group, its affiliates or subsidiaries, or any agent, product, or commercial listing of The Embree Group, and is solely included for thepurpose of proving tenant lessee information about this listing to prospective customers.
Embree affiliates have an ownership interest in the subject property.
N U T E X - E R & H O S P I T A L | T U L S A , O K
Table o f Content s
Section 1: Executive Summary
Property + Lease Details
Company Overview
Page 5
Page 6
Section 2: The Property
Site Plan
Property Photos
Page 7
Page 8
Section 3: Maps & Aerials
Site Aerial
Location Context
Competitor Map
Page 9
Page 10
Page 11
Section 4: Analysis
Demographic Analysis
Contact
Page 12
Page 13
Representative Photo
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Proper ty & Lease Deta i l s
The OfferingProperty Address
Tentant
Guarantor
717 W 71st Street, Tulsa, OK 74132
Tulsa ER Hospital, LLC
9 Personal Guarantors
Site DescriptionYear Built
Building Square Feet
Lot Size
Construction Type
Occupancy Type
2017
Approximately 16,971 Sq. Ft.
Approximately 1.80 Acres
Type II B (Fully Sprinkled)
Type I2 (Insitututional)
Investment SummaryAsset Class
Annual Rent
Monthly Rent
Cap Rate
Purchase Price
Rent Commencement
Lease Expiration
Lease Term
Lease Type
Renewal Options
Lease Escalations
Single-Tenant, Net-Leased Medical
$1,066,344.00
$88,862.00
Submit Offers
Submit Offers
March 27, 2019
June 30, 2039
20-Years
Absolute NNN
Two, 5-Year Options
10% Every 5-Years
Embree Capital Markets Group is pleased to offer for sale a 20-year absolute triple-net-leased
asset located in Tulsa, Oklahoma. The property was newly constructed in 2017, offering an
investor the opportunity to purchase a high-quality asset leased to a growing emergency and
hospital service provider Nutex. An attractive 10% increase every five years with two, 5-year
options provide the investor with a long-term asset, with exceptional rental growth throughout
the term.
Offering Overview
Representative Photo
The Tulsa Metropolitan area also ranks as the third lowest metro area in terms of cost-of-living in
the United States. The unemployment rate in Tulsa, Oklahoma is 4.90%, below the US average by
0.30%. One of Tulsa’s largest industries are aviation and aerospace related with more than 300
aviation-related companies, which is now the region’s largest industry. This industry alone
contributes to more than 32,000 jobs and brings in $960 million in annual employee payroll. Other
industries that impact Tulsa’s economy are energy, information and finance, transportation and
distribution, and agriculture and biosciences. Tulsa’s metropolitan area contributed 30.1% of the
state’s real gross domestic product in 2015, according to the U.S. Department of Commerce,
Bureau of Economic Analysis.
Area Description
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*Representative Photos
N U T E X - E R & H O S P I T A L | T U L S A , O K
Business DevelopmentBilling & CollectionsOperations CoordinationHuman ResourcesLegal MarketingAccounting
Our philosophy is simple: Bring concierge level, high qualityemergency care to the local community. We build the best teams oflocal doctors and nursing staff and provide the best medical care forour patients in a convenient and friendly atmosphere.In addition toour board-certified physicians, our centers are staffed withexperienced emergency room nurses, CT and X-ray technicians, EMTtechnicians, and a courteous front office staff.
We work as a team to treat you with compassion, speed, and qualitymedical care. Our doctors strive to spend time with our patients,making an extra effort to answer all questions prior to discharge. Foryour convenience, we are open 24 hours a day, 365 days a year.
Services Offered:
Company Type:Headquarters:Year Founded:Locations:Website:
PrivateHouston, TX201119https://www.nutexhealth.com/
Si te P lan
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Proper ty Photos
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SiteAerial
SITE
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54K VPD
50K VPD West 71st St.
US - 75
RegionState
Locat ion Contex t
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SiteAerial
Ardent Health | 140 ER VPD
Hillcrest Medical Center 1120South Utica Avenue
Ascension | 175 ERVP
St. John Medical Center1819 East 19th Street
St. Francis | 270 ER VPD
St. Francis Health System6151 South Yale Ave
Ascension | 80 ER VPD
St. John - Broken Arrow1000 West Boise Circle
St. Francis Hospital - South10501 East 91st Street South
Hilcrest Hospital - South8801 South 101st East Ave
Ascension | TBD ERVPD
St. John - Supulpa1004 East Bryan Ave
Mercy | 140 ER VPD
Oklahoma State UniversityMedical Center
744 West 9th Street
SITE
St. Francis | 80 ER VPDArdent Health | 85 ER VPD
Households
2020 Households
2025 Projected households
Growth 2020-2025
Population
2020 Population
2025 Projection
Growth 2020-2025
2,470
2,672
8.18%
53,063
54,037
1.84%
124,672
126,284
1.29%
22,640
23,053
1.82%
54,375
55,030
1.20%
998
1,081
8.32%
$63,476
6,526
6,574
3,594
2,209
3,737
$87,986
11,266
12,819
8,508
6,103
15,678
$105,622
169
201
195
104
326
Average Household Income
Less than $25,000
$25,000-$50,000
$50,000-$75,000
$75,000-$100,000
$100,000+
Demographic Analysis • Tulsa, OK
Average Household Income
1 Mile 3 Miles 5 Miles
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10 Miles
200,718
205,947
0.5%
490,744
504,557
1.80%
$63,476
6,526
6,574
3,594
2,209
3,737
$87,986
11,266
12,819
8,508
6,103
15,678
$105,622
169
201
195
104
326
$77,797
45,627
50,228
35,322
23,402
46,139
Embree Group of Companies provides nationwideturnkey real estate services, specializing in build-to-suit development, design/build, generalconstruction, program management, and capitalmarkets for specialty retail, financial, automotive,restaurant, healthcare and senior living facilities.Embree’s fully integrated, in-house services allowus to become an extension of the client’sorganization. Since 1979, Embree’s foundation hasbeen built on developing tailored programs for300+ national clients. The firm is headquarterednear Austin, Texas, with regional offices located inPhoenix and the DFW area. Over the past 40 years,Embree’s executive team has developed, built, ortransacted more than 13,000 assets in all 50 states,Puerto Rico, and Canada with a total market valuein excess of $10 billion.
Exclusively Presented By:
Klinton LewisBrokerage Associate
P: +1.512.819.4729
www.EmbreeGroup.com
About Embree
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