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6135 17Th St Topeka, KS 66615

17,940 SF, NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 17,940-square-foot Class A medical office building in Topeka, Kansas. The property is a single-tenant, absolute NNN lease with Nutex Health, a leading healthcare management company, with a remaining lease term of 15.6 years (expiring June 30, 2040). The lease commenced July 1, 2020, and includes rent bumps based on the greater of CPI or 2.5% annually, along with three 5-year renewal options. The building, constructed in 2019, boasts 14 beds (8 ER, 6 inpatient), advanced imaging equipment (MRI, X-ray, ultrasound, CT scan), and an ambulance bay. Located at 6135 SW 17th St, Topeka, KS 66615, this strategically positioned property enjoys high visibility near I-70 and I-470, within a dense retail corridor including West Ridge Mall, Walmart, Lowe's, and The Home Depot. The property benefits from a strong local economy and a large population base in Shawnee County, the third-most populous county in Kansas. The building's Net Operating Income (NOI) is $1,114,456, resulting in an 8.50% cap rate. This is a fee-simple ownership opportunity with 100% occupancy and a proven track record of success. The property represents a rare opportunity to acquire a high-quality, long-term net lease investment in a thriving healthcare market.

Highlights

  • 17,940-square-foot Class A medical office building, built in 2019, with 14 beds (8 ER, 6 inpatient) and advanced imaging equipment.
  • Absolute NNN lease with Nutex Health (NASDAQ: NUTX) for 15.6 years remaining (expiring June 30, 2040), including annual rent increases based on the greater of CPI or 2.5%.
  • Physician-guaranteed lease.
  • Nutex Health operates 21 micro-hospitals across eight states, with expansion plans for 2024 and 2025.
  • Tenant responsible for all building maintenance, repair, and management costs.
  • Located in Shawnee County, KS, the third-most populous county in Kansas.

Property Details for 6135 17Th St

Property type
Office properties, Medical offices
Square Feet
17,940 SF
Class
A
Year Built/Renovated
2019/2019
Buildings
1
Stories
1

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
39.0357805
Longitude
-95.7657813

FAQs

What type of property is this?
Office property - 17,940 SF, NNN Lease, High NOI
Where is the office property located?
The property is located at 6135 17Th St Topeka, KS.
What are key features of this property?
This property features: 17,940-square-foot Class A medical office building, built in 2019, with 14 beds (8 ER, 6 inpatient) and advanced imaging equipment.; Absolute NNN lease with Nutex Health (NASDAQ: NUTX) for 15.6 years remaining (expiring June 30, 2040), including annual rent increases based on the greater of CPI or 2.5%.; Physician-guaranteed lease.
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6135 17Th St
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