back to map400 N Eastern Ave, Moore, OK, 73160
Industrial
$3,900,000
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| Details | ||
|---|---|---|
| Sale Price | $3,900,000 | |
| CAP Rate | 6.89% | |
| NOI | $268,000 | |
| Size | 9,600 SF | |
| Lot Size | 1.92 Acres | |
| Zoning | R-4 | |
| Year Built | 1975/2021 | |
| Description | ||
|---|---|---|
| This offering presents the opportunity to acquire a freestanding 9,600 SF medical office building situated on 1.92 acres in Moore, Oklahoma. The property is leased to Just Kids Pediatrics, a growing multi-clinic pediatric healthcare provider with more than 30 medical professionals across multiple locations. The tenant signed a 10-year lease in 2022 with two 5-year renewal options, demonstrating long-term commitment to the location. The lease structure provides 2% annual rent increases beginning in year six, creating steady income growth for investors. Positioned along a busy corridor near the intersection of Eastern Avenue and Main Street, the property benefits from approximately 14,297 vehicles per day and strong surrounding medical and residential development. | ||
Disclaimer
A real estate broker is not authorized to give legal or tax advice. No representation is made by Johnson Commercial Group or Brick & Beam Realty, its agents or employees, as to the legal effect or tax consequences of the information contained herein or any transaction relating thereto. Although all information furnished regarding property sales or financing options are from sources deemed to be reliable, such information has not been verified and no express representation is made on, or is in any way implied as to the accuracy thereof and is subject to errors, omissions, change of price, or other conditions prior to sale or withdrawal without notice.