6135 17th St Topeka, KS 66615-1123
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.
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JAMES HERRIN Physician
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Topeka ER & Hospital Hospital
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MARK B ROGERS Physician
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CHAD AMBROSE GUSTIN Physician
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JARED STEVEN SCHREINER Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PUD, C4 · Topeka, KSNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.