3910 Ridge Rd Wichita, KS 67205

Property Details for 3910 Ridge Rd

Year built

2016

Lot size

0.82 lot acres

Property size

16,944 SF

Property type

Office buildings

APN

087-088-27-0-33-02-005.00

APU

87088270330200500

Description

This exceptional Class A medical office building, totaling 16,875 square feet, is situated on a 0.82-acre lot in Wichita, Kansas (67205). Constructed in 2016, the property boasts a 100% occupancy rate with a long-term lease in place with Grene Vision Group, a leading provider of eye care services. The current tenant, part of EyeCare Partners, has a five-year lease renewal, demonstrating strong tenant commitment and financial stability. The building offers a compelling investment opportunity with a 6.89% cap rate and a current annual base rent of $385,655. Located in northwest Wichita near other medical facilities, new apartments, and K-96 Highway, the property benefits from excellent visibility and accessibility. The asking price is $5,600,000, translating to $331.85 per square foot. This property is offered as a standalone investment or as part of a larger portfolio. The sale includes a single building on a 35,719 square foot lot. This is a rare opportunity to acquire a high-performing medical office building in a prime Wichita location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment for discerning buyers. The Net Lease (NNN) structure minimizes landlord responsibilities.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Longitude

-97.4256

Latitude

37.7543

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments