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.
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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Contacts
Mike Spisak
Christopher Stai
Ryan Michaels
Scott Reid
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17Th St Topeka, KS 66615
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17Th St Topeka, KS 66615
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6135 17Th St
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