400 N Eastern Ave - Medical FOR SALE


Moore, OK 73160
$4,583,000 USD
405-408-9098
400 N Eastern Ave, Moore, OK for Sale
$4,583,000 USD
Medical - FOR SALE
1/5
null | 5.87% Cap Rate

400 N Eastern Ave
Moore, OK 73160


HIGHLIGHTS

  • ABSOLUTE NNN LEASE
  • 8 YEARS REMAINING ON INITIAL TERM
  • ANNUAL RENT ESCALATIONS STARTING YEAR 6

OVERVIEW

Great opportunity to acquire fee simple interest in an absolute NNN, freestanding MOB occupied by Just Kids Pediatrics (JKP) in Moore, OK. JKP signed a 10 year lease in 2022 (8 years remaining) with 2 (5-year) options, demonstrating their commitment to long term tenancy. The lease terms will have 2% annual increases beginning Year 6 of initial term and the annual increases will continue annually throughout both option terms as to allow an investor steady NOI growth and inflation hedge. The lease is absolute NNN with zero landlord responsibilities, making it an ideal management free investment for a passive investor. JKP was started in 2014 and has grown into a 13 clinic, multi-speciality practice with more than 30 providers. JKP was created by highly educated medical professionals and pediatricians with a core focus on whats best for each individual families needs in all aspects of their primary care and uses the newest technology and state of the art equipment that guarantees accurate results and the best possible care.

FOR SALE DETAILS

PRICE

$4,583,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JUST KIDS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

R-4

APN/PARCEL ID

R0004222

ASK ABOUT THIS PROPERTY

Chris AndersonGrant GroupMore Info
405-408-9098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris AndersonGrant GroupMore Info
405-408-9098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.