CVS 3711 E Frank Phillips Blvd 13,225 SF 4-Star Retail Building Bartlesville, OK 74006 $10,922,517 CAD ($825.90 CAD/SF) 5.75% Cap Rate

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.