1851 Webb RdWichita, KS 67206

For Sale
$10,000,000

Class A, 100% occupied, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A medical office building, totaling 29,900 square feet, is situated on a 3.02-acre lot (131,551 square feet) in northeast Wichita, Kansas. Built in 2003, the property enjoys a prime location near the Wichita Country Club, Beechcraft, and various retail establishments. Currently 100% occupied by Grene Vision Group, a leading provider of eye care services and part of EyeCare Partners, the building generates a substantial annual base rent of $662,226 ($55,185 monthly, or $22.15 per square foot). The tenant, with a long-standing presence in the community, has recently renewed their lease for an additional five years, with further renewal options available. This presents a compelling investment opportunity with a 6.62% cap rate and an asking price of $10,000,000. The property is offered individually, but also as part of a larger portfolio of six medical offices in the Wichita area. This is a rare chance to acquire a stable, high-performing asset in a desirable location with a strong, established tenant. The building's size, location, and tenant history make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.

Highlights

  • 29,900 SF Class A medical office building.
  • Built in 2003 on a 3.02-acre lot (131,551 SF).
  • Located in Northeast Wichita near Wichita Country Club and Beechcraft.
  • 100% occupied by Grene Vision Group (EyeCare Partners) with a 5-year lease renewal.
  • $10,000,000 asking price, generating $662,226 annual base rent ($22.15/SF), and a 6.62% cap rate.

Property Details for 1851 Webb Rd

Property type
Other office properties, Medical offices
Square Feet
29,900 SF
Class
A
Year Built
2003
Buildings
1
Lot Size (sq. ft)
131,551 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.717452365303
Longitude
-97.22658627447
1851 Webb Rd, Wichita, Kansas

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1851 Webb Rd
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