Contacts
CBRE
CBRE
CBRE
Property Details
- Property Type Office - Medical Office
- Property Size 18,652 SF
- Lot Size 2.43 Acre
- Cap Rate % 6
- NOI / YR $419,670.00
- Date Updated Sep 8, 2026
CBRE is pleased to present the opportunity to acquire 700 24th Avenue NW, a stabilized, single-tenant medical office building fully leased to Mercy Health, a nationally recognized, investment-grade healthcare provider. The 18,652± square foot, purpose-built clinical facility is secured by a newly executed 10-year absolute NNN lease, providing investors with long-term, passive income. The offering delivers durable, bond-like cash flow backed by a strong-credit tenant.
Designed to accommodate a broad range of healthcare services, the property features an efficient floor plan, quality construction, and ample on-site parking. The asset benefits from its location within a dense medical office area, reinforcing long-term tenancy and healthcare-driven demand fundamentals.
Reach out to the broker for more info on lease terms and amenities
Getting around
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50/100
Walk Score ®
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76/100
Bike Score ®
Location
- City Norman, OK
- Neighborhood Cleveland
- Zip Code 73069
- Market Oklahoma City
Points of Interest
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Norman
2.07 miles
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Biloxi/Beaumont (Kennedy School)
3.60 miles
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Sinclair
0.69 miles
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7-Eleven
0.73 miles
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Conoco
0.92 miles
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Circle K
1.15 miles
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OnCue
1.55 miles
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Mr. Shortstop
1.63 miles
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Natural Gas Vehicle Station
1.63 miles
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Elm Avenue Parking Facility
2.09 miles
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Goddard Patient Lot
2.14 miles
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Goddard Faculty Lot
2.15 miles
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Oklahoma Memorial Union Parking Center
2.26 miles
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Asp Avenue Parking Facility
2.44 miles
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Brooks-Jenkins Lot
2.50 miles
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Callaway House Parking Garage
2.63 miles
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Duck Pond Parking Lot
2.63 miles
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Jenkins Parking Garage
2.69 miles
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Headington Hall Parking
2.76 miles
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Motel 6
0.39 miles
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The Norman Hotel
0.52 miles
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Hilton Garden Inn Norman
0.52 miles
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Days Inn by Wyndham Norman
0.53 miles
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Courtyard
0.53 miles
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Norman Travelodge
0.54 miles
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Comfort Inn & Suites Norman near University
0.55 miles
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America's Best Value Inn
0.67 miles
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Super8 Norman
0.67 miles
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Fairfield Inn & Suites
0.94 miles
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Walmart Supercenter
0.39 miles
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Homeland
0.41 miles
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Big Lots
0.50 miles
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Target
0.64 miles
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ALDI
0.66 miles
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Robinson Crossing Shopping Center
0.71 miles
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Crest Fresh Market
0.74 miles
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Natural Grocers
0.79 miles
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Sooner Mall
0.84 miles
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Dillard's
0.92 miles