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 | |
Updated | August 21st, 2015 |
Type | Health Care |
Price | $2,923,455 |
Building | 16,080 Sq. Ft. |
Land | 49299.44 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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