310 Highland AveMidwest City, OK 73110

Property Details for 310 Highland Ave

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.18 AC

Property size (Sq ft)

7,920 SF

Property type

Medical offices

Property subtype

Medical centers

APN

15-060-1800

APU

150601800

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,123,373

  6.5%

  $1,036,960

  7%

  $962,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,934

  Geo Method

  $952,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,285,830

  Hospitality

  $1,177,813

  Educational

  $979,927

  Medical

  $1,013,628

  Retail

  $1,524,330

Location Insight

City

Midwest City

County

Oklahoma

State

Oklahoma

Latitude

35.4629

Longitude

-97.4077

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].