Leased Office Portfolio with Retail
For Sale
Contact for pricing
2015 16th St, Great Bend, KS 67530
Three-office building portfolio totaling 22,275 square feet, currently leased long-term to Benefit Management.
Property Size22,275 SF
Days on Market123
Property Features for 2015 16th St
General Information
Standard status
Active
Size
22,275 SF
Property subtype
Office
Occupancy
100%
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Diego, California
(858) 558-5670
Listed By:
Blake Tagmyer · License #CA 01912759
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The offering consists of three office buildings totaling 22,275 square feet, leased to Benefit Management (BML) under a long-term master lease. The master lease commenced in 2017 and leaves approximately 10.75 years remaining on the tenant’s initial lease term. The tenant expanded its footprint in 2017 by approximately 50% from an initial occupancy of 15,000 square feet, and the lease provides 10% rent increases every five years during the primary term, with two two-year renewal options between the rent increase periods.
Two of the buildings are part of a high street retail center that fronts US Highway 281/Main Street, described as the area’s main north-south corridor. These sites are accessible via US-56 and US-281, with the corridor reported to experience daily traffic counts in excess of 17,000 vehicles per day. An additional building is located on Washington about a half mile from the headquarters, supporting the tenant’s local operations and expansion described for the site.
The properties are in Great Bend, Kansas and are occupied by BML, headquartered in Great Bend. BML has maintained a presence at the subject properties for more than 26 years.
Two of the buildings are part of a high street retail center that fronts US Highway 281/Main Street, described as the area’s main north-south corridor. These sites are accessible via US-56 and US-281, with the corridor reported to experience daily traffic counts in excess of 17,000 vehicles per day. An additional building is located on Washington about a half mile from the headquarters, supporting the tenant’s local operations and expansion described for the site.
The properties are in Great Bend, Kansas and are occupied by BML, headquartered in Great Bend. BML has maintained a presence at the subject properties for more than 26 years.
Key Highlights
- Three‑building office portfolio totaling 22,275 SF leased to Benefit Management (BML)
- Long‑term master lease commenced in 2017 with approximately 10.75 years remaining on the initial term
- Lease includes 10% rent increases every 5 years during the primary term plus two two‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 67530, KS
17,901
Population
8,759
Households
2
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
238.1 sq mi
ZIP Area
75
Density / Sq Mi
$57,990
Median Household Income
$36,857
Median Earnings
$748
Median Rent
$123,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Three-office building portfolio totaling 22,275 square feet, currently leased long-term to Benefit Management.
Where is this office building located?
The property is located at 2015 16th St Great Bend, KS.
What are key features of this property?
This property features: Three‑building office portfolio totaling 22,275 SF leased to Benefit Management (BML); Long‑term master lease commenced in 2017 with approximately 10.75 years remaining on the initial term; Lease includes 10% rent increases every 5 years during the primary term plus two two‑year renewal options
