Office Space
511 South Park Drive Broken Bow, OK 74728
Details & Description
Price: $1,868,571
    • MED Southwest, PLLC, dba MyEyeDR., has more than 6 years remaining on their initial lease term with two 7-year options to extend• Recent construction - built in 2017 and includes a tenant investment from MyEyeDr. of more than $1.2M in property upgrades to this building, demonstrating their long-term commitment to this site• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation• Tenant pays for CAM, taxes, insurance and maintains most of the premises• Landlord responsibilities limited to roof, structure and HVAC• Ideal, management-free investment for a passive investor
    Listing Agents
    Sheree Strome

    O: 470-344-2490
    M: 770-617-2149
    sheree.strome@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    511 South Park Drive

    Broken Bow, OK 74728

    Listing ID: 254813
    • 511 South Park Drive Broken Bow, OK 74728 | for Sale | Photo 1
    • 511 South Park Drive Broken Bow, OK 74728 | for Sale | Photo 2
    • 511 South Park Drive Broken Bow, OK 74728 | for Sale | Photo 3
    511 South Park Drive | for Sale | Thumbnail 1
    511 South Park Drive | for Sale | Thumbnail 2
    511 South Park Drive | for Sale | Thumbnail 3
    Building Size: 10,945 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $170.72
    Land $/SF: $85.79
    Price
    $1,868,571
    Description

    • MED Southwest, PLLC, dba MyEyeDR., has more than 6 years remaining on their initial lease term with two 7-year options to extend

    • Recent construction - built in 2017 and includes a tenant investment from MyEyeDr. of more than $1.2M in property upgrades to this building, demonstrating their long-term commitment to this site

    • The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation

    • Tenant pays for CAM, taxes, insurance and maintains most of the premises

    • Landlord responsibilities limited to roof, structure and HVAC

    • Ideal, management-free investment for a passive investor

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Broken Bow Area Market Trends

    Listing Demographics for 511 South Park Drive Broken Bow, OK 74728

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,2395,3906,643
    Population Median Age343637
    Population by Age0-9 Yrs202 (16%)815 (15%)984 (14%)
    10-19 Yrs200 (16%)905 (16%)1065 (16%)
    20-29 Yrs207 (16%)709 (13%)849 (12%)
    30-39 Yrs124 (10%)668 (12%)791 (11%)
    40-49 Yrs177 (14%)603 (11%)778 (11%)
    50-59 Yrs154 (12%)575 (10%)765 (11%)
    60-69 Yrs77 (6%)475 (8%)619 (9%)
    70+ Yrs99 (7%)640 (11%)792 (11%)
    Median HH Income$35,406$35,620$37,395
    Total Household Income< 24K160 (35%)704 (35%)836 (34%)
    25-49K133 (29%)571 (28%)692 (28%)
    50-74K80 (17%)321 (16%)411 (16%)
    75-99K58 (12%)236 (11%)298 (12%)
    100-199K15 (3%)123 (6%)182 (7%)
    200K+1 (0%)15 (0%)21 (0%)
    Highest Education LevelNo Diploma209772911
    Diploma or GED33515001865
    Some College93526706
    Assoc. Degree27154185
    Bachelors Degree52292388
    Higher Degree65297
    Total Housing Units5692,2792,873
    --Owner-Occupied2101,0831,442
    --Renter-Occupied238887998
    Owner-Occupied Values< 100K152707894
    100-199K41229340
    200-299K22765
    300-399K65364
    400-499K54450
    500K+42229
    Total Working Age Population9194,0195,006
    In Work Force5062,0232,547
    Not In Work Force4131,9972,459
    Workforce Employed4941,9242,427
    Workforce Unemployed1299120
    Civlian Workforce5062,0232,547
    Military Workforce000
    Total Households4481,9702,440
    Family Households3181,3711,719
    Non-Family Households130599721
    Married Couple2109061,172
    Other Family107464548
    Married w/Child84352451
    Single Male w/Child21121137
    Single Female w/Child56173196

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Oklahoma3,450,654+93,751,351+74,024,202+74,302,501
    McCurtain County34,402-433,151+534,744+335,880
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Red River County14,314-1012,860-212,610-511,949

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 511 South Park Drive in Broken Bow?
    The asking price for 511 South Park Drive is $1,868,571
    What is the building size of this Office property in Broken Bow, OK?
    The size of the building/unit at 511 South Park Drive in Broken Bow is 10,945 square feet
    How much land does the Broken Bow, OK property at 511 South Park Drive include?
    511 South Park Drive in Broken Bow includes 0.500 acres of land
    What kind of Office is the propery at 511 South Park Drive?
    The property at 511 South Park Drive Broken Bow, OK 74728 is listed as a Medical Office property
    What is the population within 1 mile of 511 South Park Drive in Broken Bow?
    The population within 1 mile of 511 South Park Drive Broken Bow, OK 74728 is 1,239 people.
    Who do I contact for questions about 511 South Park Drive?
    You should contact the listing agent, Sheree Strome, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Fort Smith Regional Airport (FSM) 93
    Dallas Love Field (DAL) 146
    Bill & Hillary Clinton National Airport/Adams Field (LIT) 151