Property Listing No Longer Available for Sale

101 & 111 N. Post Rd., Midwest City, OK

Health Care for Sale - $2,923,455 - 16,080 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#594794
Location
  101 & 111 N. Post Rd.
  Midwest City OK 73130
UpdatedAugust 21st, 2015
TypeHealth Care
Price$2,923,455
Building16,080 Sq. Ft.
Land49299.44 acres

Property Description

Class A retail investment for sale in Midwest City. Tenants include Midwest Regional Hospital, Mercy Physicians of Oklahoma, and Oklahoma City Abstract and Title. Each tenant is on the initial term of a long term lease. Base Rental increases 3-4% annually. All leases are on a modified gross basis. Tenants pay for all utilities and janitorial expenses. Landlord is responsible for property taxes, insurance and common area maintenance.

Location Description:

Midwest City is in Oklahoma County and a part of the Oklahoma City metropolitan area. As of the 2010 census, the population was 54,371, making it the eighth largest city in the state. The median value of owner-occupied housing units measures $95,100 and median household income measures $43,956.

The city has always had strong ties to Tinker Air Force Base, the largest single-site employer in Oklahoma. Other large employers include the Midwest Regional Medical Center and aerospace industry businesses affiliated with the base.

Highlights:

>> Class A office/retail investment in Midwest City

>> Long Term Leases to High Credit Tenants

>> Minimal Landlord Responsibility

>> 3-4% annual increases in Base Rental

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Financials