2200 Flamingo AveBethany, OK 73008

Property Details for 2200 Flamingo Ave

Year built

1968

Construction

WOOD FRAME

Lot size

6.28 AC

Property size (Sq ft)

62,319 SF

Property type

Commercial land

APN

17-380-0901

APU

173800901

Description

This exceptional investment opportunity presents a 10,835-square-foot Class A medical office building in Bethany, Oklahoma. The property is a 2022 build-to-suit for Physicians Choice Dialysis, operating under a 15-year net lease with three, 5-year renewal options. The lease commenced June 1, 2022, and features a strong 3% annual rent increase, ensuring consistent income growth. The building boasts 100% occupancy and generates a substantial net operating income (NOI) of $333,311, resulting in an attractive 7.25% cap rate. Situated on a 2.23-acre lot at 2200 N Flamingo Ave, Bethany, OK 73008, this single-tenant property benefits from its strategic location, just 2.5 miles from Integris Health Community Hospital West. The building is designed to serve as a dialysis clinic with 20 stations plus one private station, and includes additional space for administrative functions and doctor's offices. The property's strong tenant, Physicians Choice Dialysis, operates within a rapidly growing market, offering investors a stable and resilient investment in the healthcare sector. The surrounding area exhibits excellent demographics, with an average household income of approximately $80,000 within a one-mile radius. Bethany's location offers a lower cost of living compared to Oklahoma City, while maintaining convenient access to its amenities. This property represents a compelling investment opportunity in a thriving healthcare market, offering a secure long-term lease and significant potential for return. The asking price is $4,597,388.

• Alternative Use

  Use

  Valuation

  Residential

  $10,538,541

  Hospitality

  $9,653,247

  Educational

  $8,031,388

  Medical

  $8,307,600

  Retail

  $12,493,271

Location Insight

City

Bethany

County

Oklahoma

State

Oklahoma

Latitude

35.4923

Longitude

-97.6461

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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