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Property profile & analytics
OFF-MARKET
Hospitals

6135 17th St Topeka, KS 66615-1123

1.76 ac lot
Entity Owned Free & Clear
Property ID
US33-0152580
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Lot 1.76 ac (76,666 SF)
Zoning code PUD, C4
APN 143-05-0-40-01-001.22
UPID US33-0152580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JAMES HERRIN Physician
  • Topeka ER & Hospital Hospital
  • MARK B ROGERS Physician
  • CHAD AMBROSE GUSTIN Physician
  • JARED STEVEN SCHREINER Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
MEDISTAR TOPEKA MICRO HOSPITAL LLC
MEDISTAR TOPEKA MICRO HOSPITAL LLC
Zoning & alternative use
PUD, C4 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Welcome to Topeka, KS
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