706 Smiles Ct Augusta, KS 67010
- Office Properties & Spaces
- 3,283 SF
- 0.48 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 706 Smiles Ct
- Year built
- 2011
- Lot size
- 0.48 lot acres
- Property size
- 3,283 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A medical office building, totaling 3,283 square feet, is situated on a 0.48-acre lot in Augusta, Kansas at 706 E Smiles Ct, 67010. Built in 2011, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a subsidiary of EyeCare Partners, a leading national eye care provider. The current annual base rent is $64,276, translating to a compelling 7.56% capitalization rate on the $850,000 asking price. The tenant, with a history of nearly 100 years serving the region, offers a wide range of services including cataract surgery, LASIK, and more, ensuring consistent revenue streams. This property presents a strong investment opportunity, benefiting from its prime location near residences and senior living facilities in north Augusta. The lease includes multiple renewal options, providing long-term stability and predictable income. The property is offered individually, but is also part of a larger portfolio of medical offices. This is a turnkey investment with a proven tenant and strong financial performance.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Butler
- State
- Kansas
- Longitude
- -96.9705
- Latitude
- 37.7064
