3711 E Frank Phillips Blvd
Bartlesville, OK 74006
CVS · Retail Property For Sale

This offering features a 13,225 SF freestanding CVS Pharmacy with drive-thru, built in 2014 and positioned at a prime signalized hard corner along US-75 and Frank Phillips Blvd in Bartlesville, OK. Backed by a corporate CVS lease with ±14 years remaining, the property provides passive, absolute NNN income with no landlord responsibilities. The site benefits from strong traffic, proximity to a major regional medical center, and adjacency to two established retail centers, ensuring consistent prescription and retail demand. Optional 3.82% assumable financing enhances the investment’s cash-on-cash return profile.
Investment highlights
-Strategically Positioned at Signalized Hard Corner Along Primary Retail Corridor – The property is located at the signalized intersection of State Highway US-75 (Washington Boulevard) and Frank Phillips Boulevard, the area’s primary retail and commuter corridor, with combined daily traffic counts exceeding 35,900 vehicles, providing exceptional visibility and exposure.
-Nearest National Pharmacy to Regional Medical Center – The subject property is the closest CVS and national pharmacy chain to Ascension St. John Jane Phillips Medical Center, a 114-bed regional hospital spanning more than 22 acres across six buildings and recognized among the nation’s Top 100 Hospitals.
-Positioned Directly in Front of Turkey Creek Shopping Center – Located immediately in front of the 114,357-square-foot Shops at Turkey Creek, a fully redeveloped neighborhood shopping center (formerly K-Mart) anchored by Dollar Tree, Five Below, Burkes Outlet, and Ollie’s Bargain Outlet, generating consistent daily consumer traffic.
-Employer-Driven Prescription Demand – Bartlesville’s largest employers, Phillips 66 and ConocoPhillips, utilize CVS Caremark for pharmacy benefit management services, supporting recurring prescription volume and long-term demand fundamentals.
-Limited Pharmacy Competition – The property benefits from a highly constrained competitive landscape, with no other freestanding CVS locations within a 36-mile radius and only two Walgreens locations within the immediate trade area.
-Adjacent to Eastland Shopping Center – Located next to the 445,731-square-foot Eastland Shopping Center, an open-air retail destination anchored by Hobby Lobby, Planet Fitness, and Big Lots, alongside national tenants including Chick-fil-A, US Cellular, Scooter’s Coffee, and State Farm.
-Excellent Ingress & Egress – The signalized hard-corner location provides multiple access points along both Washington Boulevard and Frank Phillips Boulevard, allowing convenient ingress and egress from all traffic patterns.
-Strong Residential Consumer Base – The property serves a stable population of more than 34,291 residents within a three-mile radius, encompassing approximately 15,936 housing units, supporting consistent pharmacy and convenience retail demand.