6135 17th St, Topeka, KS 66615-1123

Property Details for 6135 17th St

Lot size

1.76 lot acres

Zone code

PUD, C4

Property type

Hospitals

APN

143-05-0-40-01-001.22

APU

143050400100122

Description

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.

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Longitude

-95.7658

Latitude

39.0358

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments