Hilltop Village

For Sale

1100-1120 S. Air Depot, Midwest City, OK 73110

This Midwest City property for sale is located at 1100-1120 S. Air Depot. The current listed sale price for Hilltop Village is $4,790,000. Hilltop Village is situated on a lot that is 8.73 acre in size.

Contacts

broker

W. Mark Hyde II

Equity Commercial Realty Advisors

(405) 364-5300

Property Details

  • Property Type Retail
  • Property Size 86,652 SF
  • Units 38
  • Lot Size 8.73 Acre
  • Parking Spaces Avail. 443
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2021
  • Date Updated Apr 20, 2024
Located on Air Depot in Midwest City. Just 1.3 miles from Tinker Air Force Base and I-40. 25,823 vehicles per day (ACOG)Hilltop Village Shopping Center is a well-positioned retail plaza featuring five buildings and covering 8.7+/- acres. Located on historic Air Depot in Midwest City, the property resides just 1.3 miles from the main entrance to Tinker Air Force Base and boasts one of the top five traffic counts within the municipality with over 23,000 vehicles per day passing by it each day. Hilltop Village is situated next to Midwest City High School (1,326 students) and Mid-Del Technology Center (665 students) which provides built in traffic patterns for local retailers to take advantage of. Priced at an 8% cap rate based on actuals while still boosting potential for another $150,000 to $190,000 in gross rents though easing vacant units, the center is primed for a renaissance. With nearly 19,000 sf still vacant, an investor will find the opportunity to realize major gains in annual rent through some small improvements and lease-up. For a long-term holder, this asset presents very real upside while the current rent structure also helps to "recession proof" the property due to such low rents. ::: UPDATE ::: Owner has agreed to provide a $250,000 credit at closing for roof replacement/ repair (based on a full price offer).Hilltop Village Shopping Center is a well positioned village style retail asset featuring five buildings and covering 8.7+/- acres. Located on historic Air Depot in Midwest City, the property resides just 1.3 miles from the main entrance to Tinker Air Force Base and boasts one of the top five traffic counts in the municipality with over 25,000 vehicles per day passing by it each day.

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Highlights

  • ---- $250,000 ROOF CREDIT AT CLOSING ----
  • Roof credit based on full price offer. Can either take off purchase price or be provided with credit at closing
  • 86,600sf
  • 443 parking spaces
  • Five (5) Buildings
  • Nearly nine (9) acres
  • True community center- important asset to municipal area
  • 23,486 vehicles per day (ACOG) on Air Depot in front of center
  • Many long term tenants
  • Recently remodeled
  • New pylon sign
  • SO MUCH UPSIDE
  • 8% cap rate as priced with 22% vacancy
  • Average GROSS Rent- $8.69 per sf on current leases

Attachments

Getting around

  • 65/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Midwest City, OK
  • Neighborhood Midwest City
  • Zip Code 73110
  • Market Oklahoma City

Points of Interest

  • Oklahoma City Auto Haul

    2.01 miles

  • Northeast 16th Street at North Coltrane Road

    3.11 miles

  • North Coltrane Road at Northeast 20th Street

    3.26 miles

  • NE 16th St @ Redbud Dr

    3.37 miles

  • NE 16th St @ Washington Blvd

    3.47 miles

  • NE 23rd St @ Ray Ave

    3.68 miles

  • NE 16th St @ N Bryant Ave

    3.76 miles

  • NE 16th St @ Edwards Ave

    3.89 miles

  • NE Grand Blvd @ NE 16th St

    4.01 miles

  • NE 23rd St @ N Bryant Ave

    4.02 miles

  • OnCue Express #102

    0.36 miles

  • Shell

    0.70 miles

  • Conoco

    1.16 miles

  • Shell

    1.29 miles

  • Shell

    1.93 miles

  • Fina

    1.96 miles

  • Conoco

    2.01 miles

  • 7-Eleven

    2.77 miles

  • Walmart

    2.92 miles

  • 7-Eleven

    3.76 miles

  • Soldier Creek Trailhead

    1.49 miles

  • Soldier Creek Trailhead

    1.72 miles

  • Golf Cart Parking

    3.88 miles

  • Golf Cart Parking

    3.99 miles

  • Truck Parking

    4.30 miles

  • Golf Cart Parking

    4.89 miles

  • Stonewall Parking Garage

    5.22 miles

  • Golf Cart Parking

    5.31 miles

  • Parking B

    5.32 miles

  • Parking A

    5.45 miles

  • McDonald's

    0.33 miles

  • Arby's

    0.40 miles

  • Domino's Pizza

    0.41 miles

  • Little Caesars

    0.46 miles

  • Chiu Wu

    0.49 miles

  • Sonic

    0.55 miles

  • Holliday Doughnuts

    0.66 miles

  • New China

    0.72 miles

  • Braum's

    0.75 miles

  • Schlotzsky's Deli

    1.00 miles

  • Aldi

    0.38 miles

  • Crest Foods

    0.66 miles

  • Ross

    0.75 miles

  • Big Lots

    0.79 miles

  • Burlington

    0.87 miles

  • Walmart Neighborhood Market

    1.05 miles

  • WinCo Foods

    1.08 miles

  • Walmart Supercenter

    1.22 miles

  • For Lease

    1.23 miles

  • Target

    1.29 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

W. Mark Hyde II

Equity Commercial Realty Advisors

(405) 364-5300