310 Highland AveMidwest City, OK 73110

For Sale
$1,256,000
High-yield, single-tenant medical building.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fee-simple interest in an 8,000-square-foot medical office building situated on a 1.18-acre lot in Midwest City, Oklahoma. The property, constructed in 1999 to the tenant's specifications, is a single-tenant net lease with Fresenius Kidney Care, a leading operator in the healthcare industry. The current lease, boasting a 27-year operating history, includes a recent two-year extension, expiring August 31, 2026, leaving approximately 1.8 years remaining. The lease features a 2% annual rent increase, providing built-in rent growth. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $128,000, resulting in a compelling 10.19% cap rate. The asking price is $1,256,000, translating to $157 per square foot. The building is a one-story structure with 62 parking spaces. The property benefits from its location on South Highland Avenue, a high-traffic area, and its proximity to SSM Health St. Anthony's Hospital - Midwest. The surrounding area boasts strong demographics, with nearly 122,000 people within a five-mile radius and an average household income exceeding $69,000 within a one-mile radius. The lease includes options for two, five-year extensions. This is a recession-resistant asset with minimal landlord responsibilities, offering a secure and profitable investment in a growing industry. The property is located at 310 S Highland Ave, Midwest City, OK 73110.

Highlights

  • 8,000 SF medical office building on 1.18-acre lot in Midwest City, OK.
  • Single-tenant, net-leased to Fresenius Kidney Care with a 27-year operating history and a recent two-year lease extension expiring August 31, 2026.
  • 2% annual rent increases and minimal landlord responsibilities.
  • Strong tenant: Fresenius Medical Care Holdings, Inc. (S&P: BBB-, $19.55B revenue).
  • Recession-resistant asset in a growing industry, insulated from macroeconomic changes.
  • Excellent location on high-traffic South Highland Avenue, near SSM Health St. Anthony's Hospital - Midwest.

Property Details for 310 Highland Ave

Property type
Office properties, Medical offices
Square Feet
8,000 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Midwest City
County
Oklahoma
State
Oklahoma
Latitude
35.4630201
Longitude
-97.4078162
310 Highland Ave, Midwest City, Oklahoma

FAQs

What type of property is this?
Office property - High-yield, single-tenant medical building.
Where is the office property located?
The property is located at 310 Highland Ave Midwest City, OK.
What is the asking price?
The asking price for this property is $1,256,000.
What are key features of this property?
This property features: 8,000 SF medical office building on 1.18-acre lot in Midwest City, OK.; Single-tenant, net-leased to Fresenius Kidney Care with a 27-year operating history and a recent two-year lease extension expiring August 31, 2026.; 2% annual rent increases and minimal landlord responsibilities.
How can I contact the broker?
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310 Highland Ave
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