1408 W Central Ave - Medical FOR SALE


El Dorado, KS 67042
$997,000 USD
813-210-7741
1408 W Central Ave, El Dorado, KS for Sale
$997,000 USD
Medical - FOR SALE
1/3
null | 9.25% Cap Rate

1408 W Central Ave
El Dorado, KS 67042


HIGHLIGHTS

  • Triple Net Lease Structure Tenant financially responsible for all operating expenses and reimburses Landlord for Management Fee
  • Growing Network with Strong Regional Presence Grene Vision Group has 18 offices across the Greater Wichita area
  • Three Years Remaining on Five Year Lease Extension Executed May 2024 Two Five Year Renewal Options Remaining
  • Attractive Annual Rental Increases Rent increases based on CPI adjustment with a cap of 5%
  • Frontage on Highly Trafficked West Central Ave. Located in between I-35 and Downtown El Dorado. Average Daily Traffic count over 15,000 VPD.
  • Purpose Built Facility – First Generation User Purpose built for Grene Vision Group and has continuously operated since 2006

OVERVIEW

Triple Net Lease Structure, Tenant financially responsible for all operating expenses and reimburses Landlord for Management Fee Growing Network with Strong Regional Presence. Grene Vision Group has 18 offices across the Greater Wichita area and has served the community for over 100 years. Three Years Remaining on Five Year Lease Extension Executed May 2024 Two Five Year Renewal Options Remaining Attractive Annual Rental Increases Rent increases based on CPI adjustment with a cap of 5% Frontage on Highly Trafficked West Central Ave. Located in between I-35 and Downtown El Dorado. Average Daily Traffic count over 15,000 VPD. Purpose Built Facility – First Generation User Purpose built for Grene Vision Group and has continuously operated since 2006 Proximity to Major Hospital Less than one mile from Susan B Allen Hospital Established in 1931 and includes wide range of specialty care along with acute and emergency care.

FOR SALE DETAILS

PRICE

$997,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grene Vision Group

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,070 SF

ZONING

HLDP

APN/PARCEL ID

212-03-0-10-34-010-00-0

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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