Hilltop Village Listing Details & Market Data

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.